Blockchain-for-real estate startup raises $3M from several investors including NCT Ventures and Revolution’s Rise of the Rest

Story excerpt provided by Crain’s Cleveland Business.

Written by Carrie Ghose.

A Columbus startup using the same security technology behind bitcoin to prevent real estate wire fraud has raised $3 million from a coast-to-coast syndicate of investors.

SafeChain Financial Inc. is using the round, led by Columbus-based NCT Ventures, to augment sales and technology as it works toward its end-goal product: “Using blockchain technology to facilitate 30-second real estate transactions.”

The company will almost double this year, with plans to hire 20 workers, mostly software engineers, co-founder and CEO Tony Franco said. SafeChain currently has 16 employees, most in Franklinton with a small software development office in India. It’s moving its headquarters across the river to Bicentennial Plaza, 250 Civic Center Dr.

Click here to read the complete article.

Originally published February 14, 2018.

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