RISE Chain - About the company
RISE Chain is a seed company based in Sydney (Australia), founded in 2023 by Sasha M, Sam Battenally and Hai Nguyen. It operates as a Developer of a high-performance Ethereum Layer 2 for programmable markets. RISE Chain has raised $7.2M in funding from Finality Capital. The company has 24 active competitors, including 16 that are funded. Its top competitors include companies like Optimism, Offchain Labs and Metis.
Company Details
Developer of a high-performance Ethereum Layer 2 for programmable markets. It enables builders, traders, and institutions to create and connect to global orderbooks. The technology facilitates a decentralized finance ecosystem. It rearchitects the financial stack for a transparent and composable onchain economy. The platform offers advanced orderbook infrastructure with shared liquidity.
- Website
- risechain.com
- Social
Key Metrics
Founded Year
2023
Location
Sydney, Australia
Stage
Seed
Total Funding
$7.2M in 2 rounds
Latest Funding Round
Investors
Ranked
18th among 24 active competitors
Employee Count
28 as on Apr 30, 2026
Investment & Acquisitions
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RISE Chain's funding and investors
RISE Chain has raised a total funding of $7.2M over 2 rounds. Its first funding round was on Sep 16, 2024. Its latest funding round was a Seed round on Jun 09, 2025 for $*****. 1 investor participated in its latest round. RISE Chain has 8 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of RISE Chain:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 09, 2025 | 8021367 | Seed | 7354889 | 7259778 | 8401676 | 1551709 |
Sep 16, 2024 | 5280711 | Seed | 2698049 | 4627412 |
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RISE Chain's founders and board of directors
Founder? Claim ProfileThe founders of RISE Chain are Sasha M, Sam Battenally and Hai Nguyen. Sam Battenally is the CEO of RISE Chain.
Here are the details of RISE Chain's key team members:
- Sasha M: Co-Founder & CGO of RISE Chain.
- Sam Battenally: Co-Founder & CEO of RISE Chain.
- Hai Nguyen: Co-Founder & CTO of RISE Chain.
View details of RISE Chain's Founder profiles and Board Members
RISE Chain's employee count trend
RISE Chain has 28 employees as of Apr 26. Here is RISE Chain's employee count trend over the years:
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RISE Chain's Competitors and alternates
Top competitors of RISE Chain include Optimism, Offchain Labs and Metis. Here is the list of Top 10 competitors of RISE Chain, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Optimism 2019, New York City (United States), Series B | Blockchain-based platform for optimistic rollup and executing smart contracts | $175M | 72/100 | |
2nd | Offchain Labs 2018, Princeton (United States), Series B | Developer of solutions for Ethereum smart contracts | $124M | 65/100 | |
3rd | Blockchain-based application development platform for developers | $4M | 63/100 | ||
4th |  Arbitrum 2018, Princeton (United States), Seed | Blockchain-enabled application development platform for the fintech industry | - | 60/100 | |
5th | Blockchain-based network for hosting web3 applications | $21.6M | 58/100 | ||
6th |  Movement Network 2023, British Virgin Islands, Series B | Developer of modular move-based blockchains | $141M | 56/100 | |
7th | Provider of a blockchain platform for decentralized finance (DeFi) by utilizing Layer 2 protocols | $20.3M | 54/100 | ||
8th | Rome 2024, Solana Beach (United States), Series A | Blockchain platform that modularizes Solana into a set of services so L2s can be decentralized as Solana | $9M | 54/100 | |
9th | Blockchain scaling and development solutions | $81.5M | 52/100 | ||
10th |  TEN 2014, Winchester (United Kingdom), Series A | Developer of a layer two network for encrypted Ethereum transactions | $9M | 48/100 | |
18th | RISE Chain 2023, Sydney (Australia), Seed | Developer of a high-performance Ethereum Layer 2 for programmable markets | $7.2M | 39/100 |
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RISE Chain's Investments and acquisitions
RISE Chain has acquired BSX. RISE Chain has not made any investments as of now.News related to RISE Chain
Media has covered RISE Chain for a total of 3 events in the last 1 year, 1 of them has been about company updates.
•
RISE Evolves into Home for Global Markets with RISE MarketCore & RISExThe Daily Hodl•Nov 13, 2025•RISE Chain
•
RISE Acquires BSX to Accelerate Integrated Orderbooks DevelopmentTechStartups.com•Nov 11, 2025•RISE Chain, BSX, Boston Scientific, Blockchain Capital
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