About CoreChain
CoreChain is a company based in New Haven (United States) founded in 2019 was acquired by Acumatica in February 2026.. CoreChain has raised $11 million across 4 funding rounds from investors including Acumatica, Ulu Ventures and Connecticut Innovations. CoreChain offers products and services including CoreChain Pay and Supply Chain Finance Solutions. CoreChain operates in a competitive market with competitors including Bill.com, AvidXchange, Melio, Lili and Zip, among others.
- Headquarter New Haven, United States
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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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Products & Services of CoreChain
CoreChain offers a comprehensive portfolio of products and services, including CoreChain Pay and Supply Chain Finance Solutions. 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.
Digital solution for secure B2B payments and fraud reduction
Tools to unlock working capital through invoice acceleration
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Funding Insights of CoreChain
CoreChain has successfully raised a total of $11M across 4 strategic funding rounds. The most recent funding activity was a Debt – Convertible round of $1.12 million completed in December 2023. 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 Debt – Convertible — $1.1M
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First Round
First Round
(01 Aug 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Debt – Convertible - CoreChain | Valuation |
investors |
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| Jul, 2022 | Amount | Series A - CoreChain | Valuation |
investors |
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| Apr, 2022 | Amount | Seed - CoreChain | Valuation | Ulu Ventures |
| 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 CoreChain
CoreChain has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include Acumatica, Ulu Ventures and Connecticut Innovations. 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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Seed-stage funding is provided to innovative founder teams.
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Founded Year | Domain | Location | |
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Venture capital services for biotech, IT, and innovative sectors in Connecticut.
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Founded Year | Domain | Location | |
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Bloccelerate VC is focused on investing in blockchain startups.
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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 CoreChain
| 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 - CoreChain
| 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 |
Corechain Comparisons
Competitors of CoreChain
CoreChain 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 Bill.com, AvidXchange, Melio, Lili and Zip, 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 |
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| domain | founded_year | HQ Location |
Cloud-based accounts payable and receivable software for businesses
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| domain | founded_year | HQ Location |
Accounts payable and payment automation solutions are offered for businesses.
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| domain | founded_year | HQ Location |
Blood-based pathogen detection devices are manufactured for healthcare applications.
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| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers.
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| domain | founded_year | HQ Location |
Cloud-based purchase approval management software is provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based cash flow management is provided for payers and vendors.
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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 Corechain
Frequently Asked Questions about CoreChain
When was CoreChain founded?
CoreChain was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is CoreChain located?
CoreChain is headquartered in New Haven, United States. It is registered at New Haven, Connecticut, United States.
Is CoreChain a funded company?
CoreChain is a funded company, having raised a total of $11M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.2M, raised on Aug 01, 2021.
What does CoreChain do?
CoreChain was established in 2019 in New Haven, United States, within the blockchain and fintech sector. Payment processing services are offered to businesses through white-label platforms and various digital options. Gateways for transactions, identity management tools, and related functionalities are included in the operations. The company focuses on secure, decentralized payment infrastructures across its domain, corechain.tech.
Who are the top competitors of CoreChain?
CoreChain's top competitors include Bill.com, AvidXchange and Lili.
What products or services does CoreChain offer?
CoreChain offers CoreChain Pay and Supply Chain Finance Solutions.
Who are CoreChain's investors?
CoreChain has 9 investors. Key investors include Acumatica, Ulu Ventures, Connecticut Innovations, Bloccelerate VC, and New Form Capital.