6 years ago

Everledger Secures $20 Million Series A Funding Led by Tencent

  • Everledger, a London-based technology company focused on building transparency, traceability, and sustainability into global supply chains, has secured $20 million in Series A funding led by Tencent Holdings Ltd

  • The round also included participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners

  • The company plans to use the funds to expand its operations

  • Everledger's technology digitally streamlines clients' compliance processes, helping them demonstrate the lifetime story of an asset with efficiency and accuracy.

      • ProblemTechnology

      "Currently, it is difficult to track the origin, ownership, and characteristics of products across global supply chains. This lack of transparency makes it challenging for businesses to ensure the sustainability and ethical sourcing of their goods, leading to consumer distrust and difficulty in meeting compliance requirements."

      Solution

      "Everledger provides a platform that uses blockchain, AI, and IoT technologies to digitally record and track the entire lifecycle of an asset, from its origin to its final destination. This creates a transparent and auditable record of the product’s journey, enabling businesses to demonstrate their commitment to sustainability, ethical sourcing, and compliance."

      Covered on