Everledger
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About
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.
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.
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
The company expects to generate revenue by selling its data, charging for search and recovery of data, and potentially licensing its platform to third-party developers.
MAIN CLIENTS
Banks
insurers and open marketplaces
EXISTING PARTNERSHIPS
Vastari - To combat art fraud
PRIMARY PROBLEM SOLVED
Fraud, theft, trafficking.
COMMENT
The company's tech solution has expanded into the world of colored gemstones, jewelry, fine wine, and art, among other industries(March 2018).
People
FOUNDERS
BOARD MEMBERS AND ADVISORS
Leanne Kemp
Finian Tan
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Leanne Kemp (CEO)
Scott Austin
Momentum
FUNDED
YES
TOTAL FUNDING
$20 M
DATE OF LAST FUNDING
Sep 2019
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 CLOSED ON
Mar 2016
FUNDING SERIES
SERIES A · $20 M · Sep 2019
LISTED
NO
COMMENT
Grant amount: $34 K(Sep 2015)
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Everledger
About
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
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
Traction
LIVE USERS/TRANSACTIONS:
No live users/transaction yet
People
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO