Authena raises EUR 2.1 million in seed funding

Thursday 30 September 2021 12:09 CET | News

Switzerland-based blockchain-based supply chain technology company Authena has announced closing a EUR 2.1 million seed funding round from angel investors from Switzerland and the United Kingdom.

The firm also received funding from US innovation fund Ecliptic Capital which focuses on pre-seed, seed and Series A investments. Authena plans to use this new funding to ensure continued growth and the development of new prototypes for major customers.

The company has developed a blockchain-based solution for tracking supply chains and establishing interactive, end-to-end communication between manufacturers and end users. According to an Authena representative, every single product and every unit can be verified by users with the Authena app at any time, meaning the company enables access to information about the product and generation of data to further develop smart supply chains.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: investment, blockchain, supply chain finance, e-invoicing
Categories: Securing Transactions | Cryptocurrencies
Countries: Switzerland
This article is part of category

Securing Transactions

Industry Events