Everledger secures £16.2m Series A funding led by Tencent to expand global market reach.
The Series A round was led by Tencent with participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.
Everledger is an independent technology company that uses secure technologies to bring transparency and traceability to global supply chains. The firm helps businesses streamline compliance and evidence the lifetime story of assets across various industries.
London-based technology company Everledger has secured £16.2m in a Series A funding round led by Tencent. The capital injection includes participation from Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.
The funds will support the company as it expands its footprint in global markets and scales its sustainability initiatives. As part of the agreement, Tencent has taken a seat on the Everledger board and the two companies plan to collaborate on blockchain solutions, including the launch of a WeChat Mini Program for diamonds.
From the founder
"Today’s announcement amplifies our commitment to global markets, whilst fuelling our industry momentum as we continue to build Everledger. Having this strong investor cohort join us at this stage in our development is both validation of the innovation we’ve displayed to date, and a statement of future intent. They will support us in bringing more visibility to good business practices in industries that impact millions, if not billions of people in developing countries."
Leanne Kemp
Founder and CEO at Everledger
Investor perspective
"Everledger’s application of blockchain technology enhances value to consumers and reduces risks for businesses across the industry"
James Mitchell
Chief Strategy Officer, Tencent
Use of funds
- 01Expand into international markets
Investors
James Mitchell
Tencent
Nabil Borhanu
Graphene Ventures
Bloomberg Beta
Rakuten
Fidelity
Vickers Venture Partners
Categories
About the company
Everledger
Everledger builds transparency and sustainability into global supply chains using secure technologies.