Kadena Raises $12M For Public Blockchain

Vivienne Chen


Blockchain platform provider offers the first truly scalable public protocol.

April 2018 — Kadena is excited to announce that we’ve raised $12M in our second SAFT round, accelerating the development of our revolutionary public blockchain, Chainweb, aimed to be the fastest, safest, and most scalable proof-of-work consensus protocol out there. Check out the breaking coverage on CoinDesk.

Investors in the round included Devonshire Investors, SV Angel, Passport, Multicoin Capital, Susquehanna International Group (SIG), and Asimov Ventures.

Kadena was also listed as one of the 5 Upcoming Cryptocurrencies That Could Challenge Bitcoin. In addition to Chainweb, our private blockchain ScalableBFT is developing more upcoming use-cases in healthcare and insurance; our shared open-source smart contract language Pact offers entrepreneurs and enterprises on both public & private chains a simple solution for developing their projects on a blockchain.

Here’s a round-up of where our team has been recently:


  • Financial Crytography ’ 18 — We had a blast in Curaçao meeting the brightest minds in cryptography. Kadena was proud to sponsor a catamaran networking event for Women in Consensus (now Universal Consensus, as part of Blockchain Education Network).
  • Token Fest ’18 — Our Head of Business Growth, Ben Jessel, gave a lightning talk on our Pact smart contracts at Token Fest in San Francisco. Kadena was also proud to foster discussion on “distinguishing good tech projects from hype” with a panel at the Token Fest afterparty event in support of the diversity initiative Universal Consensus.
  • Nobel Laureate HK Summit — Co-founder Will Martino and Lead Cryptocharter Engineer Monica Quaintance were honored to speak at Amino Capital’s blockchain summit this past week in Hong Kong. Will discussed blockchain regulation and industry application and Monica talked about blockchain platform technology.


  • Synchronize 2018 — April 18, 2018, NYC: Our Head of Growth, Ben Jessel, will moderate a panel on blockchain and the derivatives market, featuring the CEO of International Swaps and Derivatives Association (ISDA) and the Head of Fintech for the Depository Trust and Clearing Corporation (DTCC).
  • Consensus 2018 — May 14–16, 2018, NYC: Join Kadena in our lounge at CoinDesk’s annual Consensus conference in the Midtown Hilton for relaxation, recharging, and refreshments! Meet the team and chat about our tech.

Kadena in the Media

More updates and announcement will be coming soon.


The Kadena Team