# Kadena

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kadena

- Industry: Software
- Headquarters: Newark, US
- Website: www.kadena.io/
- Total disclosed funding: $15M
- Latest round: Series B (Apr 12, 2018)
- Investors on record: 8

## About

Kadena LLC is a blockchain technology firm specializing in scalable, secure solutions. Their unique Proof of Work architecture, Chainweb, facilitates efficient transactions for various applications, enhancing the blockchain landscape with innovative tools and services. Kadena LLC, founded in by Stuart Popejoy and Will Martino 2016 in Brooklyn, US, focuses on delivering blockchain solutions. The founders, Stuart Popejoy and Will Martino, have backgrounds in blockchain technology, and the company is currently led by CEO Francesco Melpignano. Kadena has successfully completed 3 deals, with their most recent funding round being an unspecified round in July 2025, Kadena LLC raised USD 35 million in venture funding from Multicoin Capital, CoinFund Management, SV Angel and other unspecified investors.

Kadena offers a suite of products centered around its blockchain technology, focusing on its Proof of Work architecture known as Chainweb. This platform provides scalability, speed, and low transaction fees, making it suitable for diverse business applications. Key offerings include a human-readable smart contract language called Pact and Chainweb EVM, which supports the Ethereum Virtual Machine to aid developers familiar with Solidity. Kadena addresses real-world use cases such as financial asset management and tokenization of traditional assets like real estate, serving clients across North America, Europe, and Asia.Kadena's revenue model is based on cryptocurrency transactions, subscription services, and partnerships with businesses integrating blockchain technology. Clients can utilize Kadena's products through B2B partnerships and direct-to-consumer sales. The firm supports projects via a Grant Program, fostering innovative applications on its platform. Specific pricing plans for their core offerings like Chainweb and Pact are detailed on their platform, focusing on facilitating transactions within its network for enterprises seeking blockchain solutions.Looking ahead, Kadena aims to develop new products and enhance its current offerings, leveraging its recent Series B funding of USD 12.000 mn raised on April 12, 2018. The company plans to expand its market reach into new regions, particularly targeting growing markets in Asia and Europe, by the end of 2023. The funding will support the development of upcoming features and enhancements to their existing products while reinforcing their market presence.

## Funding rounds

- Series B, Apr 12, 2018, $12M — F-Prime Capital, Susquehanna International Group, SV Angel, Asimov Ventures, Multicoin Capital
- Seed, Jan 30, 2018, $2.3M — Asimov Ventures, MetaStable Capital, Multicoin Capital, Kilowatt Capital, CoinFund Management
- Seed, Apr 25, 2017, $0.6M — Asimov Ventures

## Investors

- Asimov Ventures (https://capitalatlas.ai/funds/asimov-ventures) — Seed, Series B
- MetaStable Capital — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed, Series B
- Kilowatt Capital — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series B
- Susquehanna International Group — Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series B