#dltledgers Founder Samir Neji
Singapore-based #dltledgers, a blockchain-powered cross-border trade digitisation startup, has secured US$8.5 million in a Series B funding round of financing.
The investors are the family office of TATA group and Centrum.
The capital will help #dltledgers execute its plans for North American expansion while scaling its engineering and growth teams further.
The Series B financing brings #dltledgers’s valuation to above US$100 million, the company said in a statement. It plans to extend the round to US$15 million and close it at the end of October.
The latest round comes more than a year after it closed US$7 million Series A round, led by Regis & Savoy Capital (Bengaluru), with participation from Vittal Investments, Walden International and various veteran industry leaders. The startup had raised US$2.5 million in pre-Series A round from Walden in July 2019.
#dltledgers was founded in 2017 by serial technopreneur Samir Neji. It is a global blockchain-based multi-enterprise supply chain business network (MESCBN) platform. Its subscription and transaction-based platform enable multi-party transactions across enterprises.
The platform helps corporates and banks to build on a connected supply chain. They can run end-to-end contract compliance and authenticate their commercial documents, subcontracts, logistics, reverse logistics, claims, financing and bank interactions. This enables them to automate multi-party transactions, streamline processes, and reduce costs.
The startup’s network participants include buyers, sellers, trading companies, banks and alternative lenders, carriers, logistics partners, insurers, ports, and various certifying bodies and government agencies.
#dltledgers’s customers include Wipro Consumer Goods, Mondelez, Tata Motors, ANZ bank, Shiseido, OCP, and Stockland.
“We provide a technology that allows enterprises to jump-start, connect and collaborate with their supply chain partners dynamically and in real-time, accelerating mission-critical supply chain process by ten folds. Our low code metaverse platform will enable enterprises to build their own network easily and seamlessly invite their partners to work together and collaborate like never before,” said Founder Samir Neji.
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