Title Management Software Announces $3M Funding

Columbus-based SafeChain announced that it has raised $3M in funding led by NCT Ventures, with participation from Revolution’s Rise of the Rest Seed Fund, Aspect Ventures, Precursor Ventures, Pete Kight (founder of Check Free), Social Capital, Rev1 Ventures, Loud Capital, and Fintech71.

The company was established in 2016 to make real estate transactions safer and simpler using blockchain . Its flagship product called SafeWire uses multiple sources of authentication to help Title Agents eliminate wire fraud.

The startup currently employs a team of 16 (according to LinkedIn) and is led by Tony Franco (founder, CEO), Robert Zwink (CTO), and Chris Sauerzopf (cofounder).