ChainSafe Secures $18.75 Million in Series A Funding to Expand Web3 Infrastructure

Canadian Web3 infrastructure company ChainSafe raises $18.75 million in a Series A funding round led by Round13, aiming to accelerate Web3 adoption.

Published on 2022-10-18

ChainSafe Secures $18.75 Million in Series A Funding

ChainSafe, a Canadian Web3 infrastructure company, has successfully closed an $18.75 million Series A funding round. Led by prominent venture firm Round13, the round also saw participation from notable investors including NGC Ventures, HashKey Capital, Sfermion, Jsquare, ConsenSys, Digital Finance Group, and Fenbushi Capital.

Expanding Web3 Infrastructure and Gaming Services

The funds will be utilized to support the growth and adoption of Web3 technology. This strategic move aligns with the increasing demand for blockchain infrastructure and gaming services, positioning ChainSafe to capitalize on emerging opportunities in the Web3 ecosystem.

Strategic Investment in Blockchain Innovation

ChainSafe's latest funding underscores investor confidence in the potential of Web3 infrastructure. With this capital infusion, the company is poised to enhance its offerings and drive innovation in the blockchain space, further solidifying its position as a key player in the industry.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

Advanced market analytics to identify trading opportunities.
Compare markets relative performance.
Understand market cycles over time. See market levels.
Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.