About Reach
Reach is a company based in Boston (United States) founded in 2019 by Christopher Swenor and Jay McCarthy. It operates as a Blockchain-as-a-Service. Reach has raised $12 million across 1 funding round. Reach offers products and services including Reach Platform and Reach Devnet. Reach operates in a competitive market with competitors including Consensys, Figment, Galxe, Digital Asset and Ocean Protocol, among others.
- Headquarter Boston, United States
- Founders Christopher Swenor, Jay McCarthy
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Sectors
Technology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 1 rounds
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Latest Funding Round
$12 M (USD), Series B
May 26, 2021
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Investors
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Employee Count
Employee Count
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Products & Services of Reach
Reach offers a comprehensive portfolio of products and services, including Reach Platform and Reach Devnet. 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.
Platform is designed for blockchain application development needs.
Testing environment is provided for smart contract debugging.
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Software Development Team
2 people
Co Team
1 people
Leadership Team
1 people
Sales and Marketing
1 people
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Funding Insights of Reach
Reach has successfully raised a total of $12M through 1 strategic funding round. The most recent funding activity was a Series B round of $12 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 1
- Last Round Series B — $12.0M
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First Round
First Round
(26 May 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Series B - Reach | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Reach
| 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 - Reach
| 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 |
Reach Comparisons
Competitors of Reach
Reach 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 Consensys, Figment, Galxe, Digital Asset and Ocean Protocol, 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.
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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Staking solutions are delivered via an online platform.
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Infrastructure for Web3 credential curation from multiple sources is offered.
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Blockchain platforms for business applications are developed and provided.
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Data exchange platform is provided for sharing and monetizing data.
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Blockchain-based platform for NFT and Defi application development
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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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 Reach
Frequently Asked Questions about Reach
When was Reach founded?
Reach was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Reach located?
Reach is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Reach?
Christopher Swenor is the current CEO of Reach. They have also founded this company.
Is Reach a funded company?
Reach is a funded company, having raised a total of $12M across 1 funding round to date. The company's 1st funding round was a Series B of $12M, raised on May 26, 2021.
What does Reach do?
Reach is dedicated to providing a platform for blockchain developers to build applications such as NFTs, DeFi, and gaming DApps. The platform supports multi-chain compatibility and offers a high-level language similar to JavaScript for efficient coding. Features like verified code, optimized smart contracts, and a robust testing environment are included. Reach serves various sectors including marketplaces, gaming, stable coins, and decentralized exchanges, fostering an open ecosystem for businesses and developers.
Who are the top competitors of Reach?
Reach's top competitors include Consensys, Digital Asset and Figment.
What products or services does Reach offer?
Reach offers Reach Platform and Reach Devnet.