The Provenance Chain Network, a Portland, OR-based company providing permissioned access to meaningful product knowledge, manufacturers, suppliers, and regulators, closed the first tranche of Series A equity funding at $4M.
The round brought the total amount to more then $12M.
Backers were not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Led by Jeff Gaus, Founder and CEO, PCN enables businesses to document and share their products’ origin and pedigree stories with customers, manufacturers, suppliers, regulators, shareholders, and consumers while introducing, measuring, and verifying activities within their supply chains. This combination of transparency and incentives gives companies new mechanisms to align supply chain architecture and actions with evolving customer expectations, meet any relevant regulatory and disclosure requirements, and keep their promises to customers. The PCN re-imagines materials tracking, expands product labeling, and creates an evidence-based, future where Intellectual Property (IP) and trade secrets are respected, protected, and commercial transactions are transparent.
FinSMEs
15/04/2024