Today, blockchain provenance firm Everledger announced it raised $20 million in a Series A funding led by China’s Tencent Holdings. Additional investors included Graphene Ventures, Bloomberg Beta, Rakuten, Fidelity, and Vickers Venture Partners.
Everledger’s main product is a blockchain platform for the provenance and traceability of diamonds. This week, the firm launched an
upgraded version, scaling it to other supply chain sectors such as gemstones, fine wine, luxury goods, and e-waste management.
Founded in 2015, Everledger’s Hyperledger Fabric-based platform logs the origin, ownership, features, and trading of assets. Apart from blockchain, the platform also employs artificial intelligence, Internet of Things (IoT), and intelligent labeling technology.
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