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

Columbus, Ohio

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.

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Originally published February 14, 2018.

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