Everledger Announces $10.4M Series A
London-based blockchain startup Everledger announced it has raised $10.4M in a Series A round. “Everledger started with the purpose of building trust amongst stakeholders in global markets. Having this round of financing supported by strong and credible investors is testament to our success to date in achieving that purpose, taking us from a startup to a scale up in just three years. We are confident that having the support of such high caliber investors with a solid track record of accelerating growth, will enable further growth and success in our plans for entry to new markets where provenance matters” – Founder & CEO Leanne Kemp.
Founded in 2015, Everledger is a global enterprise that tracks high-value assets on a global digital ledger. It initially started off with tracking diamonds on the blockchain and more recently announced a partnership with e-commerce jewelers Brilliant Earth, a leader in ethically sourced bridal and fine jewelry. To date, it has the provenance of over 2 million diamonds cryptographically-certified on the blockchain.
This new round of financing coincides with the opening of a new Mumbai-based office, in addition to a benchmark entry into China to leverage renewed consumer confidence as diamond retail sales in China bounced back in 2017.