Founded in October 2019 by CEO Chris Swenor and Jay McCarthy, Reach offers a blockchain development platform designed to simplify creation of decentralized applications (DApps). The tool abstracts away blockchain-level complexity so that any developer can write, test, and launch DApps on networks such as Ethereum and Algorand. Its community has already produced games, auctions, NFTs, and other projects through hackathons run with the Algorand Foundation and Boston Blockchain Week. Reach plans to broaden network support, add new platform features, and expand its knowledge base. The company is also building university-level curricula and self-paced online courses to drive adoption in academia. New capital will fund developer onboarding and additional hiring across development and product functions. No revenue or user numbers were disclosed in the article.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

May 2021