Authena, Swiss blockchain-based technology solutions provider for tracking supply chains, announced that it has closed a CHF 2.3 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 said that this new funding will be used 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.
“We are proud of the international trust placed in our team and technology. We are pleased to be able to take the next step in our business development with this investment. Our technology is successfully being used by companies such as wine and cosmetic producers, pharmaceuticals manufacturers, and in agriculture.
Every single product and every unit can be verified by users with the Authena app at any time. We are therefore making it possible to access detailed information about the product and generate the necessary data to further develop smart supply chains,”
said Matteo Panzavolta, CEO of Authena.
