Chronicled Raises $3.4 Million, Seeks to Leverage Blockchain Tech for Sneakers Market
Chronicled, a Californian technology company founded in 2014 that leverages blockchain technology specifically for the authentication, tracking and social engagement of vintage and collectible sneakers has announced $3,425,000 in additional funding raised as a part of its Series Seed financing. The round was led by Hong Kong-based venture capital firm Mandra Capital. It also saw participants from investors such as Pantera Capital, a leading blockchain-tech investor and New York-based Colbeck. The three investors have also participated in previous funding rounds established by Chronicled.....
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Chronicled, a startup leveraging blockchain tech to help authenticate collectible sneakers, has raised $3.42m in seed funding. The round was led by Hong Kong-based VC firm Mandra Capital and included support from avid industry investor Pantera Capital and Colbeck Capital Management. Founded in 2014, Chronicled seeks to ensure the authenticity of consumer products using ‘smart tags’ that can be inserted in shoes and linked to a user’s Apple or Android app. Chronicled then uses blockchain technology to register the shoes on a distributed ledger, which it says allows for the creation of an....
Entering 2016, provenance – or the ability to ensure ownership and chain of custody – was named as a potential breakout use case for blockchain technology, and while this prediction has yet to come to pass, new startups are entering the market. The latest to emerge on the scene is Chronicled, which has raised $3.4m to explore whether blockchain tech can be a value-add for the purchasers of collectible sneakers. As described by The New York Times, the scene is one where "mostly male, mostly teenage" buyers quickly amass thousand-dollar collections. According to informal....
The blockchain-based collectible and vintage sneaker company Chronicled has just announced it has raised $3.4 million USD in a seed funding round. The startup, founded in 2014, has created a team of engineers in Silicon Valley to build a system that tracks the authenticity and movement of this footwear. The investments injected into the business came from the venture capital firms Mandra Capital, Colbeck, and Pantera Capital. Dan Morehead, Partner at Pantera Capital, said of the announcement:
San Francisco-based blockchain and Internet of Things (IoT) technology company, Chronicled, has announced the development of CryptoSeal, an all-in-one, tamper-evident, and blockchain-registered solution for packaging and physical asset tracking presenting a major step forward in the supply chain provenance. Announced at the ID Tech Expos in Santa Clara, and developed in collaboration with Cellotape Smart Products, the tamper-proof seal – each containing a Near Field Communication (NFC) chip embedded with unique identity information – allows customers to secure the content of their packages....
A San Francisco-based technology company Chronicled Inc. has raised US$1.4 million in a funding round participated by Pantera Capital, Mandra Capital, Seattle Seahawks RB Marshawn Lynch and several angel investors to build a consumer authentication platform to eliminate counterfeit goods using smart labels. The labels will be tracked and encoded on a distributed public ledger called the blockchain to create a transparent record of authenticity, ownership and provenance for both buyers and sellers. Through the partnership with Identiv and the newly raised funds, the startup will continue....