Chain’s offering lures seventeen backers


XDATA – August 21st 2014

chainSo far seventeen investors participated to Chains $9.5 million non-brokered financing round. Financial backers bought, on August 7th, 99% of the offering or $9.41 million worth of equity. Until this disclosure Chain had raised an estimated $4.5 million in unregistered securities via one previous financing round.

Chain markets and develops an enterprise bitcoin infrastructure solution. The company’s application programming interface (API) provides block chain information for application development. A block chain is a transaction database shared by all nodes participating in a system based on the bitcoin protocol. A full copy of a currency’s block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.

Adam Ludwin (President) leads the Glendale CA based company which was registered in 2013. Chain.com elected to keep its revenues undisclosed.
The board of directors includes Devon Gundry, Eric Wiesen and Keith Rabois.

The company has raised an estimated total of $13.91 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Chain
Industry: Other Technology
Amount offered: $9.5 million
Amount placed: $9.41 million
First sale: 08-07-2014
Data as of: 08-21-2014

For more information visit www.XDATA.co

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