dltledgers is a Singapore-based provider of a blockchain-powered multi-enterprise supply-chain business network (MESCBN) platform. The platform helps corporates and banks build connected supply chains, run end-to-end contract compliance, authenticate commercial documents, manage subcontracts, logistics, reverse logistics, claims, financing, and bank interactions. It enables automation of multi-party transactions, streamlines processes, and reduces cost. The company raised $8.5M in a Series B and the strategic round brings its valuation to well above $100M. Proceeds will be used for North American expansion and to scale engineering and growth teams while pursuing platform innovation with Corda, Accenture, SAP, Microsoft and other partners. The platform is deployed at many large global enterprises and banks including Wipro Consumer Goods, Mondelez, Tata Motors, ANZ bank, Shiseido, OCP, Trade development bank of Africa, Stockland, and the company has a presence across SEA, ANZ, Japan, MENA, Africa, and India. dltledgers provides a blockchain-powered platform that lets corporates and banks authenticate commercial documents, contracts and bank interactions to automate multi-party transactions, streamline processes and reduce costs. The company reports a "record-breaking" third year with more than 200% year-on-year growth. It has engaged corporates such as Shiseido, Wilmar, Mitsui, Wipro Unza, Vertiv and Schneider Electric, and works with over 45 banks including ANZ, DBS, Standard Chartered Bank and Rabobank. dltledgers has grown a 70-strong team and commenced expanding it by 120% across the Asia Pacific, ANZ, Japan, India and the Middle East. To support product scalability and interoperability, the company plans to migrate its blockchain platform from Hyperledger Fabric to R3’s Corda. It is also accelerating work on Cognitive Document Automation (CDA), combining graphical processing, machine learning and blockchain to reduce reconciliation effort for trade documents.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Sep 2022