About Chia Network
Chia Network is a company based in San Francisco (United States) founded in 2017.. Chia Network has raised $70.2 million across 4 funding rounds from investors including IDEO, MetaStable Capital and Richmond Global Ventures. Chia Network offers products and services including Blockchain Platform and Chia Network Software. Chia Network operates in a competitive market with competitors including Binance, Solana, Chain, Ankr and Mysten Labs, among others.
- Headquarter San Francisco, United States
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Chia Network Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70.2 M (USD)
in 4 rounds
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Latest Funding Round
$61 M (USD), Series B
May 24, 2021
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Investors
IDEO
& 12 more
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Employee Count
Employee Count
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Products & Services of Chia Network
Chia Network offers a comprehensive portfolio of products and services, including Blockchain Platform and Chia Network Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables secure tokenization and tracking of assets for transactions.
Facilitates building and maintaining blockchain systems for data integrity.
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Funding Insights of Chia Network
Chia Network has successfully raised a total of $70.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $61 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $61.0M
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First Round
First Round
(26 Mar 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series B - Chia Network | Valuation | Richmond Global Ventures , a16z | |
| Aug, 2020 | Amount | Series A - Chia Network | Valuation | Slow Ventures | |
| Mar, 2018 | Amount | Seed - Chia Network | Valuation | Naval Ravikant |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chia Network
Chia Network has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include IDEO, MetaStable Capital and Richmond Global Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing in global businesses
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chia Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chia Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chia Network Comparisons
Competitors of Chia Network
Chia Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Binance, Solana, Chain, Ankr and Mysten Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chia Network
Frequently Asked Questions about Chia Network
When was Chia Network founded?
Chia Network was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Chia Network located?
Chia Network is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Chia Network a funded company?
Chia Network is a funded company, having raised a total of $70.2M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.4M, raised on Mar 26, 2018.
What does Chia Network do?
Chia Network was founded in 2017 in San Francisco, United States, within the blockchain sector. A network is provided that relies on proof of space and time for consensus. Operations involve two cryptographic protocols: one verifies storage committed by computers to mining processes, while the other prevents fraud in determining miner rewards for transaction verification. The platform supports decentralized infrastructure for various applications.
Who are the top competitors of Chia Network?
Chia Network's top competitors include Binance, Mysten Labs and Solana.
What products or services does Chia Network offer?
Chia Network offers Blockchain Platform and Chia Network Software.
Who are Chia Network's investors?
Chia Network has 13 investors. Key investors include IDEO, MetaStable Capital, Richmond Global Ventures, Andreessen Horowitz, and True Ventures.
What is Chia Network's valuation?
The valuation of Chia Network is $500M as of May 2021.
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