# Chainvine

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chainvine

- Industry: Software
- Headquarters: London, UK
- Website: http://www.chainvine.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Jun 4, 2018)
- Investors on record: 1

## About

Chainvine Limited offers a compliance platform that digitizes supply chains, enhancing transparency and accountability. Their technology enables real-time product tracing, ensuring industry compliance and reducing trust costs in global trade.Chainvine Limited, founded in 2015 in London, UK, specializes in compliance solutions for supply chains. The company was founded by Niclas Wigstrom and Oliver Oram, with Oliver Oram serving as the CEO. In June 2018, Chainvine raised GBP 2.5 million in Series A funding led by Deepbridge Capital, marking its first major funding round. The latest funding has contributed to their operational capabilities and growth strategies.Chainvine specializes in a compliance platform designed to digitalize supply chains, leveraging advanced technologies to enhance transparency and accountability in operations. At the core of their offering is the ability to trace products using sensors that collect real-time data on various parameters, including time, acceleration, humidity, temperature, and geolocation. This comprehensive data recording allows companies to ensure that every aspect of their operations is compliant with industry regulations, thereby lowering the cost of trust in global trade. Chainvine’s solutions have been adopted by various clients, including government agencies such as HMRC, the UK Food Standard Agency, and the Government of Seychelles, which has engaged Chainvine to develop a national database for its fish export sector. The platform is marketed primarily in the United Kingdom and Seychelles, addressing the needs of businesses that require rigorous compliance and traceability in their supply chains.Chainvine's revenue model is structured around partnerships and B2B transactions, focusing on delivering its compliance platform to businesses that require enhanced supply chain management and regulatory adherence. The company engages in agreements with clients that may involve subscription-based pricing or contractual partnerships, allowing for continuous access to their suite of products and services. Clients benefit from tailor-made solutions that address specific compliance needs, with an emphasis on using Distributed Ledger Technology (DLT) for secure data management. The flagship offerings are designed to facilitate digital customs and import processes, further driving operational efficiencies and compliance for government agencies and private sector businesses alike. Through these structured transactions, Chainvine enhances the operational capability of its clients while ensuring that they remain aligned with the increasing demands of ESG compliance and asset tracing.Chainvine plans to utilize the GBP 2.5 million raised in June 2018 to enhance its compliance platform and expand its market reach. The company is focused on developing new features for its solutions and aims to enter additional markets by 2020, specifically targeting regions in Europe and the Asia-Pacific, where regulatory compliance is increasingly prioritized. This strategic initiative is expected to bolster their position in the supply chain compliance sector.

## Funding rounds

- Series A, Jun 4, 2018, $3.3M — Deepbridge Capital

## Investors

- Deepbridge Capital (https://capitalatlas.ai/funds/deepbridge-capital) — Series A