Blockchain technology startup Chain has raised $30 million in new venture funding, drawing funds from financial services companies including Capital One, Fiserv and Visa.
RRE Ventures, Khosla Ventures, Thrive Capital and SV Angel – existing investors of the firm – also took part, as well as former Bank of America CEO David Coulter, X Prize Foundation CEO Peter Diamandis and MongoDB co-founder Kevin Ryan.
In statements, Chain CEO Adam Ludwin spoke in broad strokes about the larger efficiencies major financial services providers could potential unlock as the technology matures.
Those backing Chain also pledged to put together a “Blockchain Working Group” to promote continued and regular discussion about blockchain applications. The group is expected to meet twice a year.
As part of the deal, RRE Ventures founder Jim Robinson will join the startup’s board of directors.
Business meeting image via Shutterstock
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