Provenance Chain Network provides permissioned access to meaningful product knowledge, manufacturers, suppliers, and regulators, allowing businesses to document and share their products’ origin and pedigree stories. The platform introduces, measures, and verifies activities within supply chains to create transparency and incentives that help align supply chain architecture with customer expectations and regulatory requirements. PCN emphasizes reimagining materials tracking, expanding product labeling, and protecting intellectual property and trade secrets while enabling transparent commercial transactions. The company is led by founder and CEO Jeff Gaus. PCN recently closed the first $4M tranche of a Series A equity raise and says the round has brought the total to more than $12M. It intends to use the funds to expand operations and its development efforts. The Provenance Chain Network (PCN) develops the Commercial Trust™ Protocol and offers a Transparency-as-a-Service platform that creates a system of evidence to verify company claims and product lifecycle stories. The platform is positioned to deliver mission-critical data security and increased consumer and commercial transparency across supply chains. PCN says its system helps businesses and consumers make more trusted decisions about the supply chains that serve them. To support operational and growth objectives, PCN entered a partnership with LEONID to secure financing. LEONID will provide a $5 million revolving line of credit to improve financial flexibility and fund expansion. The company said the facility will help it prepare for known costs, leverage contract assets, and accelerate bringing data security solutions to market while avoiding further equity dilution.

Total raised

$9M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2024