The round was led by Ulu Ventures with participation from other existing investors including Connecticut Innovations, Bloccelerate VC and New Form Capital, as well as new investors, Motivate Venture Capital, SaaS Venture Capital, Next Coast Ventures, and Angeles Investors. To date, CoreChain has raised $5.5 million in total funding, including $1.25 million in pre-seed funding announced in August 2021.

CoreChain is the first digital B2B payments network built on blockchain, and is building a network of networks, which enables businesses to pay other businesses securely, quickly, and efficiently compared to legacy methods, while unlocking lending opportunities for suppliers to finance working capital tied up in approved, but unpaid invoices.