British tech startup, Provenance, secures funding from singer-songwriter Peter Gabriel – Alexsis de Raadt St. James appointed Chairperson of the Board of Directors
July 18, 2018
Photo by Timothy Norris
Provenance, an Merian Ventures-backed innovator in the application of blockchain technology for supply chain transparency, secured additional funding from musician Peter Gabriel, as well as its existing group of investors, led by Working Capital Fund, including Digital Currency Group, Merian Ventures and Plug and Play to continue their product expansion.
Provenance also announced strategic additions to its board of directors including Alexsis de Raadt-St. James, founder and managing partner of Merian Ventures, who will join as Chairperson of the Board of Directors, and Chemain Sanan, Partner at Working Capital, who will join as a Director. Both de Raadt-St. James and Sanan bring critical knowledge in helping support high-growth technology companies as they scale.
Provenance was one of the early leaders to track products along a supply chain on the blockchain—an exciting new technology bringing a new layer of trust to the web. The company aims to use its funding for setting a new standard for consumer trust in the food sector by implementing its blockchain-backed solution with over 1000 food and drinks businesses by 2025.