ChainSafe Systems lands $18.75m in Round13-led Series A financing

ChainSafe Systems is a Toronto-based web3 infrastructure startup specializing in protocol implementations and cryptographic technologies.

  • Other investors included NGC Ventures, HashKey Capital, Sfermion, Jsquare, Digital Finance Group and Fenbushi Capital
  • Concurrent with the round, Khaled Verjee, a managing partner of Round13’s Digital Asset Fund, is joining ChainSafe’s board of directors
  • ChainSafe was launched in 2017

ChainSafe Systems, a Toronto-based web3 infrastructure startup specializing in protocol implementations and cryptographic technologies, has secured $18.75 million in Series A financing.

Round13, a Canadian venture capital firm, led the round. Also participating were new investors NGC Ventures, HashKey Capital, Sfermion and Jsquare, and returning investors Digital Finance Group and Fenbushi Capital.

Concurrent with the round, Khaled Verjee, a managing partner of Round13’s Digital Asset Fund, is joining ChainSafe’s board of directors alongside founding members and current board member Joseph Lubin, co-founder of Ethereum and founder of ConsenSys Mesh, a long-time investor.

ChainSafe was launched in 2017 after its founding team came together at an Ethereum meetup in Toronto. With regional offices in Berlin and Zagreb, it today operates globally and has more than 120 employees across 33 countries.

One of the company’s flagship products is web3.unity, a software development kit (SDK) for connecting Unity games with blockchain technologies. Web3.unity is designed to reduce complexity and introduce a new level of ownership to gaming

“Since 2017, ChainSafe’s work has been instrumental in developing the web3 ecosystem,” said Round13’s Verjee in a statement. “Their research, development work, and products touch all aspects of today’s blockchain infrastructure. We look forward to having a front row seat to ChainSafe’s journey as the company brings its architecture to the forefront and makes it accessible to all.”