Capitalization
Since inception the Company has raised approximately $16M in funding via SAFE agreements.
These have largely been in three rounds with three different standards for price caps, and
conversions features. The last round of $5M was completed in August of 2020. No investor has
been promised chia in return for their investment. Certain investors have redemption rights that
would be denominated in chia at the then price of chia if the Company does not list its equity for
public trading over certain time frames as outlined above. The Company expects to convert
these SAFEs to equity or preferred equity and does not intend to give investors XCH before a
registration statement for the Company’s equity is effective.
Our investors include Slow Ventures, Naval Ravikant, Breyer Capital, Collaborative Fund, IDEO
Colab, a16z Crypto, True Ventures, Galaxy Digital, Cygni Capital, Greylock Partners, DCM,
Metastable, StillMark Capital, and Kamal Ravikant.