Today, blockchain traceability firm Everledger announced it raised $7 million in bridge funding from the UK Government’s Future Fund and Tencent. The Future Fund provides COVID-19 convertible loans which must be matched by private investors.
Tencent, the owner of China’s largest social media app WeChat, participated in last year’s Series A funding round, which raised $20 million. Soon after, Everledger launched a WeChat Mini Program for Chinese diamond retailers.
In today’s announcement, Everledger CEO Leanne Kemp revealed that a partnership with a Chinese e-commerce company would be announced later this year.
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