Via - The Business Times
SINGAPORE-HEADQUARTERED fintech firm #dltledgers on Tuesday (Sep 20) announced that it has raised S$8.5 million led by the family office of the Tata group as well as Centrum in the latest Series B funding round. (*see amendment note)
The company is also extending this round’s fundraising, which is expected to close by the end of October, to S$15 million after it noted “demand and extended interest from other investors in the Asia-Pacific region”. In a response to queries by The Business Times, dltledgers said its Series B round also includes participation from venture capital firms in Singapore and North America, though it declined to disclose the parties before the round is closed.
The firm, which touts itself as a “blockchain based multi enterprise supply-chain business network”, has plans to use the funds for business expansion in North America as well as scale its engineering teams and growth teams further.
Further announcements on its planned expansion and use of funds will be made in the upcoming weeks, dltledgers added.
dltledgers’ primary business lies in helping companies build on a connected supply chain and enable multi-party transactions across enterprises. Examples of the platform’s functions include helping its clients run end to end contract compliance as well authenticate commercial documents.
“Our low code metaverse platform will enable enterprises to build their own network with ease and seamlessly invite their partners to work together and collaborate like never before,” said Samir Neji, founder of dltledgers.