Dorae, a distributed ledger technology company for raw materials, raised an undisclosed first funding round.
The backers were not disclosed.
Dorae achieved a $24m valuation.
Led by Ricardo Santos Silva, Co-Founder and Executive Chairman, and Aba Schubert, Co-Founder and CEO, Dorae is a blockchain technology company serving commodities supply chain participants from primary producers to end manufacturers. The company enables compliance for processors and consumers of provenance-sensitive materials and enables automation and working capital efficiency across all products.
Dorae has offices in Palo Alto, London and the Cayman Islands.