• Wed, 11 Dec 2019, 02:00 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain startup Chronicled secures $16M in Series A round

Tue, 15 Jan 2019, 12:01 pm UTC

Blockchain startup Chronicled has raised $16 million in a Series A funding round led by Mandra Capital, a Hong Kong-based VC firm.

The funding round also saw participation from Streamlined Ventures, The Perkins Fund, Frank Fiore, and David Aho. Mandra Capital is an existing investor in the company and had previously led Chronicled’s series seed financing round in 2016.

"What excites us about Chronicled is that they are building blockchain application networks for the long-term," said SongYi Zhang, Principal of Mandra Capital.

"While many companies in the space are conducting ICOs — fueling speculation and hurting the legitimacy of the space — Chronicled has stayed disciplined and pursued traditional funding while focusing on developing needed applications with quantifiable ROI value."

Founded in 2014, Chronicled is a San Francisco-based company that leverages blockchain to bring trust, efficiency, and automation to global supply chains. The company said it is currently piloting the MediLedger, a pharmaceutical industry network, with a group of major companies and plans to launch the network commercially in 2019.

In addition, Chronicled announced that it is opening a development office in Vancouver, BC. It said that it will use the latest funding to support MediLedger and operational growth, as well as expand its engineering team in Canadian tech hub Vancouver.

“This stimulus of funding will enable expansion of the MediLedger Network with service provider integrations and additional protocols that address channel integrity and chargebacks, contracting, and revenue management,” Chronicled said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,314.45 (-0.46%)
  • Ethereum (ETH) $146.69 (-0.38%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $208.94 (+0.36%)
  • Litecoin (LTC) $44.82 (+0.50%)
  • Bitcoin (BTC) $7,314.45 (-0.46%)
Dec 11, 2019 (Wednesday)
12:54
Wu Jihan once again takes over the helm at Bitmain as CEO
12:36
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:35
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:52
China securities watchdog appoints former head of PBoC Digital Currency Institute: Report
11:07
Crypto Technicals: ETH/USD consolidates below 5-DMA, scope for further weakness
10:52
Nike secures patent for blockchain-enabled “CryptoKicks”
09:44
BitPay rolls out stablecoin payments for merchants and consumers
08:52
Ripple improves Xpring platform to boost growth of XRP developer community
07:42
Crypto Technicals: BTG/USD extends weakness below 5-DMA, momentum strongly bearish
07:19
Blockchain technology poses money laundering, terrorist financing risks, says annual FINMA report
07:15
JPMorgan’s blockchain-based Interbank Information Network attracts interest from over 80 Japanese financial firms
06:57
Fiat Chrysler Automobiles joins IBM responsible mineral sourcing blockchain
06:30
Crypto Technicals: XRP/USD resumes weakness after rejection at 21-EMA, eyes trendline support at 0.1980
06:01
FinCEN sees spike in crypto-related suspicious activity reports after May advisory
05:14
Bank of Lithuania publishes paper on CBDC to nurture discussions around the new innovation
04:59
WeBank becomes technical infrastructure provider for China’s Blockchain Service Network
04:58
Crypto Technicals: BTC/USD slips below 61.8% Fib, more weakness on charts
04:03
Saga stablecoin launches on Liquid platform; Will slowly gain independence once client trust is established
03:09
Swiss crypto-financial firm acquires approval from Swedish regulators to offer ETPs across EU
Dec 10, 2019 (Tuesday)
12:09
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft