Transmute, an Austin, Texas-based data exchange platform for global trade, closed a $2m seed funding.
The round was led by Moonshots Capital, with participation from TMV and Kerr Tech Investments. In conjunction with the funding, Kelly Perdew, General Partner at Moonshots Capital, will join Transmute’s Board of Directors.
The company plans to deploy the new capital to expand its Austin, Texas-based team to service increasing customer demand.
Led by Karyl Fowler, Co-Founder and CEO, Transmute digitizes trade documentation in a cryptographically verifiable and traceable way across an entire logistics ecosystem. The company provides visibility into customers’ supplier networks via an approach that combines decentralized identifier (DID), verifiable credential (VC) and blockchain technology with existing cloud-based systems to memorialize trade data at every step in a products’ journey.