Chain.io has won $ 11 million to build a frictionless supply chain

Over the last few years, supply chain resilience as well as vulnerabilities have been proven. As the world economy has learned, the supply chain is as good as the information it contains and the ability to share that information between platforms, partners, and customers.

Chain.io was founded to reduce its complexity. On Wednesday, the company announced a $ 11 million Series A round to continue achieving that goal.The round was guided by Fontinalis Partner When High alphaWith participation from Mercury, Grand Ventures, Eve Atlas When Wayberry Capital.. (Fontinalis is also an investor in Freight Waves.)

The company’s total funding is currently $ 16 million in two rounds of funding.The final round is $ 5 million round Led by April 2021 Grand Ventures When Mercury Fund.

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written on June 16, 2022

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