Topl Raises $15M in Series A Funding

topl

Topl, an Austin, TX-based developer of a blockchain built to drive impact initiatives and sustainable transformation for companies across the world, raised $15M in Series A funding.

The round was led by Mercury, Republic Asia, and Cryptology Asset Group.

The company intends to use the funds to launch a traceability platform for ethically and sustainably sourced products later this year.

Led by Chris Georgen, Founder and Managing Director, Topl is developing a blockchain ecosystem that gives businesses and individuals the tools to track, tokenize and transact their impact and sustainable initiatives in a cost-effective and user-friendly manner. The company has helped to track and monetize a variety of products across the globe, including conflict free diamonds, ethically sourced coffee, and fair-wage cocoa. Its blockchain has also helped measure and verify water usage in industrial processes and confirmed the cold chain for COVID-19 test kits. Beyond its core blockchain protocol, the company’s offerings include a Blockchain-as-a-Service (BaaS) solution and software development kits (SDKs), equipping users and technology partners with simplified tools to cut certification costs and produce trust and transparency around impact and sustainability initiatives.

FinSMEs

27/07/2022