Reach Raises $12M in Funding

Reach, a Boston WA-based development platform enabling any developer to build decentralized applications, raised $12M in funding.

The backers were not disclosed.

The company intends to use the funds to continue to accelerate developer onboarding, hiring across development and product teams to build additional features into the platform,, enhancement of the platform’s knowledge base and expansion of its presence in academia by developing university-level curricula and online self-paced courses.

Founded in October, 2019, out of the Boston-based home offices of CEO Chris Swenor and Jay McCarthy, Reach is building a blockchain development platform to create decentralized applications (DApps) without years of experience and deploy them on a variety of different blockchain networks.

The platform initially focuses on Ethereum and Algorand. Reach’s developer community has already produced games, auctions, NFTs, and more through several hackathon-style events hosted in partnership with the Algorand Foundation and Boston Blockchain Week.