The oversubscribed round was backed by angel investors from the founders previous venture.
"The speed at which we secured funding illustrates the scale of the problem we’re addressing – and therefore the opportunity to be part of the solution. Skills-based hiring is the future. It allows employers to pick jobseekers based on their ability rather than their background. In the new world of ChatGPT, which allows people to apply for many jobs quickly, we need Web3 technologies to verify the contents of CVs and keep the hiring process honest."
The financing was led by Pantera Capital to help expand platform capabilities and developer tools.
"Their experience and expertise in the blockchain space will be invaluable to us as we continue to grow and innovate. With this backing, we are well-positioned to continue to lead the way in the web3 space."
The pre-seed round was led by Jenson Funding Partners to fund the commercial launch of the company's electronic Bill of Lading.
"International shipping is vital to our global economy and trade flows. The paper-based nature of our current industry leads to complicated processes and unnecessary costs of more than $200 billion in administrative overheads for companies every year. What’s more, the electronic trade documentation solutions currently available on the market are expensive and require complicated implementation by multiple members of the supply chain. This significantly limits the adoption of available solutions because the majority of SMEs lack both technical expertise and budget to implement them. By utilising our proprietary technology and unique capabilities of the NEAR blockchain protocol, we have created a platform that saves over 80% of time spent on documentation management during the shipment and can be seamlessly integrated into existing operations of shipping and freight forwarding companies. Our pilot partnerships have had a tangible impact on companies, and we are delighted to be launching our solution to the open market."
Play Ventures led the seed round with a $2.5m contribution to help expand the Web3 gaming platform's team and market presence.
"Play Ventures has one of the best portfolios in the world for gaming and Web3. Receiving one of the largest investments from its Future Fund demonstrates their conviction in our team, products and vision. With their support, we’re able to power the next evolution of game economies, showcasing the benefits of blockchain to help our partners build, grow and scale Web3 ecosystems."
