Everledger

blockchain

FOUNDING YEAR: 2015
LOCATION: United Kingdom
Last Update: 08/09/2020

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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.

MEDICI Analysis

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

Leanne Kemp

BOARD MEMBERS AND ADVISORS

Leanne Kemp

Finian Tan

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Barclays Accelerator

Bloomberg Beta

Fenbushi

Fidelity

Fidelity Investments

FPV

GMP Securities

Graphene Venture Capital

Rakuten

Techstars

Tencent Holdings

Vickers Ventures Partners

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)

Innovation Programs

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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

BOARD MEMBERS AND ADVISORS:

Leanne Kemp

INVESTORS:

Barclays Accelerator

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO