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The Provenance Chain Network raised $4M in the first tranche of Series A equity funding to expand operations and development efforts.

Apr 15, 2024over 1 year ago

Amount Raised

$4 Million

Round Type

series a

PortlandTransportationManufacturing

Investors

Jeff Gaus

Description

The Provenance Chain Network, a company providing permissioned access to product knowledge, closed the first tranche of Series A equity funding at $4M. The total amount raised in this round is over $12M. The funding will be used to expand operations and development efforts.

Company Information

Company

The Provenance Chain Network

Location

Portland, Oregon, United States

About

The Provenance Chain™ Network delivers supply chain transparency as a service. We serve a wide range of industries including consumer packaged goods, footwear & apparel, housing & construction, and the aerospace & defense sector. Our network is built on open standards and uses a unique system of requirements, incentives, claims and evidence to bring transparency, traceability, and visibility to supply chains.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers