Dorae Inc., a London, UK-based physical commodities cloud, completed its USD 50m valuation Series B financing.
Backers included North American and European investors.
The company intends to use the funds to accelerate its global expansion.
Led by Ricardo Santos Silva, Co-Founder and Executive Chairman, and Aba Schubert, Co-Founder and CEO, Dorae provides a Blockchain technology driven physical commodities cloud which uses cryptographic proof to secure the flow of information accompanying raw materials as they move across the world, changing hands and changing form into finished goods.
The company has offices in Palo Alto, London, Azores and the Cayman Islands.