Deepbridge leads £2.5m series-A for Chainvine
Deepbridge Capital has led a ТЃ2.5m series-A funding round for Chainvine, a UK-based developer of blockchain platforms.
The fresh capital will enable the company to bring its products to market and invest in marketing activity.
As part of the deal, Deepbridge technical partner Kieran O'Gorman will take a seat on the Chainvine board of directors.
Company
Founded in 2016 and dual-headquartered in Stockholm and London, Chainvine has developed a blockchain platform that decentralises its clients' ledger systems, enabling them to manage supply chains and contract-related data.
It has developed two data platforms, Intelligent Commodities and Intelligent Contracts. The former enables clients to track physical commodities and record supply chain data, while the latter facilitates the management of contract data by ensuring it is permanently recorded via blockchain, and providing access to blockchain's self-executing digital contracts system.
People
Deepbridge Capital – Kieran O'Gorman (technical partner).
Chainvine – Oliver Oram (founder, CEO).
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