Authenticate Information Systems raises £2.3m in Series A funding led by Mercia
Mercia led the Series A round to help the company expand its software and research teams.
Authenticate Information Systems operates a technology platform that helps food businesses track supply chains and monitor compliance. The company provides real-time visibility for major supermarkets and global hospitality groups.
Authenticate Information Systems has secured £2.3m in Series A funding led by Mercia through the Northern Powerhouse Investment Fund, alongside participation from existing backer Summit Alpha. The capital will be deployed to double the size of the software and data research teams, creating ten new jobs in Harrogate.
Founded in 2013, the company provides supply chain tracking and compliance analytics for food businesses, counting major UK supermarkets and global hospitality groups among its clients. This latest injection brings total funds raised by the company to over £5m.
From the founder
"We are delighted to have secured this latest funding round, which demonstrates investors’ confidence in the potential of our technology. Authenticate is changing the way the food industry looks at supplier compliance. We live in an ever more transparent world and technology means that so much more information can be monitored in real time – reducing the burden on all parties, and delivering genuine insight into the way our food is grown and processed."
Paul Marples
CEO at Authenticate Information Systems
Investor perspective
"Authenticate’s software is helping food companies to meet the ever-increasing burden of technical compliance. This latest investment will enable the business to further develop its technology platform and accelerate its global growth."
Graham Davies
Investment Director, Mercia
Use of funds
- 01Grow the team
- 02Fund research and development
Investors
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About the company
Authenticate Information Systems
Technology platform transforming supply chain management and compliance for food businesses.