#dltledgers Raises $ 8.5M in Series B Funding

#dltledgers, a Singapore-based provider of a blockchain powered multi enterprise supply-chain business network (MESCBN) platform, raised $8.5m in Series B funding.

This strategic round now brings #dltledgers’ valuation to well above $ 100m.

The company intends to use the funds to execute its plans for North American expansion while scaling its engineering teams and growth teams further. This includes further platform innovation with Corda, Accenture, SAP, Microsoft and several other partnerships. Further announcements on its planned expansion and use of funds will be made in the upcoming weeks.

Founded by Samir Neji and led by Farooq Sidiqqi, CEO, #dltledgers provides a blockchain-based multi enterprise supply-chain business network (MESCBN) which helps corporates and banks to build a connected supply chain, run end-to-end contract compliance, authenticate their commercial documents, sub contracts, logistics, reverse logistics, claims, financing, and bank interactions, enabling them to automate multi-party transactions, streamline processes, and reduce cost.

The platform is deployed in many large global enterprises and banks globally including Wipro Consumer Goods, Mondelez, Tata Motors, ANZ bank, Shiseido, OCP, Trade development bank of Africa, Stockland, etc.

The company also has a presence across all SEA, ANZ, Japan, MENA, Africa, India.