Ramazan Eles 
Chinese tech giant Tencent has made a significant move into the crypto and blockchain space by investing $15 million in Chainbase, an omnichain data network developer. The Series A funding round was led by Tencent Investment Group and Matrix Partners China, with participation from other investors including Folius Ventures, Hash Global, JSquare, Mask Network, and Bodl Ventures.
Structured as equity with token warrants, the funding round was completed in the fourth quarter of last year. As part of the deal, Tencent Investment Group and Matrix Partners China each received a board seat at Chainbase. This brings Chainbase’s total funding to $18 million, following $3 million raised in seed and angel rounds.
Chainbase co-founder and COO Chris Feng declined to comment on the company’s valuation. Chainbase describes itself as an omnichain data network that aggregates all blockchain data into a single platform. This makes it easier for developers to access and utilize data to build and maintain applications.
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