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Chain Reaction - Series C
Overview
Funding Date
February 23, 2023
Financing amount
$70M
Valuation
--
Catagory
Subcategory
About Chain Reaction - Series C
Chain Reaction has closed a round of $70 million, a Series C that brings the total raised by the company, while still in stealth mode, to $115 million. The company is not talking valuation, but people understand that it's approaching $500 million.
The round is being led by Morgan Creek Digital, with Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management and Blue Run Ventures also participating. The funds will be used for expanding the team.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2004 | 20 | web@morgancreekcap.com | ||
| Fund | Israel | 2017 | 3 | -- | ||
| Fund | Israel | 1993 | 1 | leel@jvpvc.com | ||
| Corporate | United States of America | 2015 | 1 | -- | ||
| Fund | Netherlands | 2018 | 4 | seeds@exor.com | ||
| Fund | United States of America | 2019 | 4 | -- | ||
| Corporate | United States of America | 1998 | 3 | -- |
Founders & Team
Alon Webman
Oren Yokev
Company Profile / Project Introduction
Chain Reaction is an Israeli startup that is designing semiconductors and related architecture to use in blockchain and privacy hardware running cryptographic processes. Partnering with cloud and data centers, Chain Reaction transforms compute infrastructure with custom ASICs and systems that optimize for energy efficient, high-performance compute.