Provenance raises £650k from Angel Academe and a group of investors to develop its supply chain tracking technology
Angel Academe led the investment alongside backers including Humanity United, Merian Ventures, and Digital Currency Group.
Provenance uses blockchain technology to track products and verify supply chains, bringing transparency to commerce. The company graduated from the Entrepreneur Academe investment readiness programme in 2014.
London based supply chain transparency platform Provenance has secured £650k in funding led by Angel Academe. The capital will support the ongoing development of its blockchain based product tracking systems.
Participation in the round came from a roster of backers including Humanity United, Merian Ventures, Digital Currency Group, and Plug and Play Tech Center. A selection of angel investors also contributed to the raise, including Scott Bell and John Taysom.
The company has also strengthened its advisory group with the addition of Brian Fitzpatrick, Gavin Starks, and Lily Cole.
Investors
Angel Academe
Humanity United
Merian Ventures
Digital Currency Group
Plug and Play Tech Center
Scott Bell
John Taysom
Categories
About the company
Provenance
Provenance provides supply chain tracking and product transparency solutions using blockchain technology.