Secro Raises $3.6M in Seed Funding

Secro, a Wilmington, DE-based provider of a digital bill-of-lading platform known as Secro e-Bill, raised $3.6M in Seed funding.

The round was led by Augment Ventures alongside TMV, with participation from Kluz Ventures and Grit and Gumption Ventures.

The company intends to use the funds to officially scale its platform, develop new features, and expand its network of business partners.

Led by Michele Sancricca, Secro provides a platform that enables users to perform all the functions of a paper bill of lading with increased speed, user interaction, lower cost and security, without the need for private agreements used by other electronic bill of lading (eBL) providers. Secro—built on the NEM Symbol private blockchain—enables users to export proof of original documents, attach supporting files to the e-bill of lading and convert the latter into paper form, fulfilling the compliance prerequisites and local customs requirements. Secro also allows users to share their electronic bill of lading (eBL) with partners—allowing multiple teams to work together on eBL drafts—as well as invite internal and external employees to collaborate.