"Provenance Chain Network Raises $4 Million in Series A Funding for Expansion and Technology Development"

The Provenance Chain Network's Series A Funding

Key Highlights:

• Series A Funding: The Provenance Chain Network (PCN) closed the first tranche of its Series A equity funding at $4 million, bringing the total funding amount to over $12 million.
• Company Overview: PCN is a Portland-based company that provides permissioned access to product knowledge, manufacturers, suppliers, and regulators, enabling businesses to document and share their products' origin and pedigree stories.
• Expansion and Development: The funding will be used to expand PCN's operations and further develop its technology platform.

PCN's Target Market

• Businesses with Complex Supply Chains: Companies with intricate supply chains seeking to enhance transparency, traceability, and accountability.
• Manufacturers and Suppliers: Organizations looking to provide customers with detailed information about the origin and journey of their products.
• Regulators and Compliance Authorities: Government agencies and regulatory bodies interested in monitoring and verifying supply chain activities.

What PCN Needs to Buy

• Technology Development: Investments in research and development to enhance PCN's platform and expand its capabilities.
• Partnerships and Integrations: Collaborations with manufacturers, suppliers, and regulatory bodies to integrate their data into PCN's platform.
• Marketing and Sales Support: Services to help PCN reach potential customers and promote the benefits of their product knowledge platform.