Everledger

Everledger

Blockchain
website linkedin address
  • FOUNDING YEAR: 2015
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 2019
    Company priority:
    We're on to something big this year!

Description

Everledger provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. Each diamond was recorded on the blockchain and once that information was stored, it couldn’t be tampered with, making it harder to offer counterfeit diamonds. It has uploaded 980,000 diamonds onto the bitcoin blockchain as of May 2016.
Everledger is a permanent, global, digital ledger that tracks and protects diamonds and other valuable items on their lifetime journey. Using the technology behind Bitcoin, Everledger provides traders, insurance companies, financiers, consumers and law enforcers with an immutable history of an item’s authenticity, existence and ownership.

FOCUS


PRODUCTS & SERVICES:
API for insurance companies and law enforcement agencies providing access to diamond certificates, policy and claims information, and police reports
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Banks, insurers and open marketplaces
EXISTING PARTNERSHIPS:
Vastari - To combat art fraud
COMMENT
The company's tech solution has expanded into the world of colored gemstones, jewelry, fine wine, and art, among other industries(March 2018).
PRODUCTS & SERVICES:
Everledger is a leader in the real world application of blockchain technology. We develop and deploy innovative technological solutions to markets where provenance matters by creating an immutable digital footprint of an item. Once items are registered on the blockchain, the records are permanent and can’t be changed which provides a clear audit trail to be used by multiple parties throughout the supply chain to prove authenticity and reduce the risk of fraud Since April 2015 we have developed relationships with major partners in the global diamond industry and digitally certified over 980,000 diamonds.
TOP PROBLEM SOLVED:
Fraud, theft, trafficking.
PRODUCT DEVELOPMENT STAGE
MVP

PEOPLE


FOUNDERS:
Leanne Kemp
Board Members and Advisors:
Leanne Kemp, Finian Tan
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Barclays Accelerator, Fidelity Investments, GMP Securities, Vickers Ventures Partners, Graphene Venture Capital, Rakuten, FPV, Fenbushi, Bloomberg Beta
KEY EMPLOYEES:
Leanne Kemp (CEO)
FOUNDERS:
Leanne Kemp
KEY EMPLOYEES:
CEO: Leanne Kemp

TRACTION


Insufficient information for accurate analysis
LIVE USERS/TRANSACTIONS:
Viewable by subscribers only

MOMENTUM


FUNDED:
YES
TOTAL FUNDING:
$10.52 Millions
DATE OF LAST FUNDING:
Mar 2018
TOTAL FUNDING COMMENT:
The company is planning to use the funds to continue to develop its platform and expand its business reach and also to open a new office in Mumbai as well to entry into China market(March 2018).
SEED & PRIOR FUNDING:
$120 K
SEED CLOSED ON:
Jun 2015
FUNDING SERIES:
SERIES A
$10.4 Millions Closed: Mar 2018
LISTED:
NO
COMMENT:
Grant amount: $34 K(Sep 2015)
LISTED:
Viewable by subscribers only

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Innovation Programmes

Mastercard Start Path
Mastercard Start Path
Barclays Accelerator Program
Barclays Accelerator Program