AMINO Capital is a global venture capital firm based in Palo Alto, with investment theme of data moat and network effect.  With over $1 billion in capital under management, Amino has funded hundreds of companies in seed-to-growth stages across Consumer, PLG SaaS, Frontier Tech, and Web3, including 35 successful exits, around 20 unicorns and over 35 companies which are valued over $100M, such as Chime, Webflow, Rippling, Grail, Weee, Replit, Turing, Dfinity, OmiseGo, Oasis Labs, Instawork, Wetravel, AIFI.io, Wyze, Writesonic, D-Matrix and Beacons.ai.

Amino Capital

Digital Currency Group builds and supports bitcoin and blockchain companies by leveraging insights, network, and access to capital. Based in Stamford, Connecticut, DCG has been an active seed investor in the digital currency industry with 150+ investments in over 30 countries. In addition, DCG owns and operates CoinDesk, the top media and events platform in the blockchain space, Genesis Trading, the industry's leading bitcoin brokerage firm, and Grayscale Investments, the largest digital currency asset management firm.

Digital Currency Group

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia.  Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods.  Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

Fenbushi Capital

Blockchange Ventures is a venture capital firm investing exclusively in early-stage blockchain companies, protocols, and applications that are trying to make a dent in the universe. The firm was founded in 2017 and is based in New York, NY, United States.

Blockchange Ventures

NTT DOCOMO Ventures is the venture capital arm of NTT DOCOMO, Inc. specializing in investments in incubation, early stage, middle stage, and later/pre-IPO stage companies. It prefers to invest in the field of information technology, telecommunications, content platform services, battery power, authentication security, BigData, a solution with devices, cloud, and communication platforms. The firm invests in and outside of Japan. It seeks to invest up to about USD $2 million to USD $3 million per investment. It prefers to seek minority stakes of around 20% or less per portfolio. The firm seeks to exit its investments through sales of stocks or transfer of shares to DOCOMO and NTT Group companies. It also runs an accelerator program called DOCOMO Incubation Program. Docomo Innovation Ventures, previously known as NTT Investment Partners Inc., was established on February 20, 2008, and is based in Minato, Chiba, Japan.

NTT DOCOMO Ventures

Skuchain

SKUChain offers a blockchain-based commerce cloud for procurement and contracts management, financing arrangements, and inventory tracking in a buildable manner.

<div>Skuchain offers a blockchain-based platform&mdash;referred to as the commerce cloud&mdash;for procurement and contracts management, financing arrangements, and inventory tracking. The company's primary product is a method of inventory financing, where Skuchain directly purchases inventory from suppliers and holds that inventory for as long as the buyer needs, with the blockchain used for data recording and transparency. When the buyer is ready to use the inventory, Skuchain sells it back to them. This approach offers significant benefits to both suppliers&mdash;who get immediate payment&mdash;and buyers, who can keep inventory off their books for as long as possible. Suppliers avoid the high interest rates of receivable financing, allowing the goods to become cheaper as a result.&nbsp;</div>

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

<div>Skuchain provides a platform that focuses on transforming and enhancing the efficiency and transparency of supply chain processes and provides a suite of products and solutions designed to optimize supply chain management.&nbsp;</div>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

Skuchain’s currency agnostic blockchain

<div>
 
 Skuchain offers a blockchain-based platform&mdash;referred to as the commerce cloud&mdash;for procurement and contracts management, financing arrangements, and inventory tracking. The company's primary product is a method of inventory financing, where Skuchain directly purchases inventory from suppliers and holds that inventory for as long as the buyer needs, with the blockchain used for data recording and transparency. When the buyer is ready to use the inventory, Skuchain sells it back to them. This approach offers significant benefits to both suppliers&mdash;who get immediate payment&mdash;and buyers, who can keep inventory off their books for as long as possible. Suppliers avoid the high interest rates of receivable financing, allowing the goods to become cheaper as a result.&nbsp;
 
 
 Skuchain also offers a product for invoice tokenization, aiming to lessen the risk of an invoice being financed multiple times and increasing transparency. Each invoice in this system is given a unique code that prevents it from being financed more than once. This reduces the risk associated with each invoice and lowers the cost of financing. The system also links different parties together on a shared database, which allows secure sharing and checking of invoice information, reducing the chances of fraud. This could potentially reduce the overall cost in global supply chains by decreasing fraud and creating value for users.
 
 
 Key customers and partnerships
 
 
 Skuchain and the National Bank of Canada partnered in October 2018 to collaborate on a pilot program to bring smart contracts to trade finance in Canada. Skuchain and NTT DATA partnered in May 2020 to integrate Skuchain's EC3 platform and NTT DATA's iQuattro platform to offer a solution that will offer secure logistics management, improved cash flow, and collaborative inventory planning to enterprises.
 
 
 Funding and financials
 
 
 The company raised USD 12.4 million in venture funding in February 2022; however, limited information was provided on the background of the investors or the expected use of funds.
 
 
 
</div>

BlockCypher is an enterprise company specializing in blockchain technology. The company’s cloud-based platform helps enterprises build blockchain applications with web APIs and callbacks. BlockCypher's APIs enable users to interact with multiple blockchains and retrieve data from blocks, receive notifications about unconfirmed transactions, and request multiple signature transactions​.In terms of product offerings, BlockCypher's primary service is its cloud-based platform. The platform's design is blockchain-universal, enabling its compatibility with any blockchain. This versatility permits BlockCypher to support numerous enterprise scenarios, including supply chain oversight, financial transactions, and record maintenance.Key customers and partnershipsBlockCypher and the National Renewable Energy Laboratory (NREL) partnered in June 2018 to showcase secure peer-to-peer energy transactions using the blockchain, forming the foundation for a distributed energy marketplace. This collaboration opens up new value streams for customers and utilities by reducing the need for a central arbitrator.

BlockCypher

Bloq's products are designed to accelerate blockchain development and deployment, catering to individual developers, startups, and enterprises. Focusing on enterprises, the company’s solutions are offered through the Bloq platform, which includes tools for exchanges, wallets, data and analytics, and custody providers.The company provides managed blockchain cloud services that consist of three primary services: Connect, Nodes, and Stake. Connect is a blockchain API service that accelerates the development of real-time connectivity to popular blockchain networks and access to additional blockchain data services. Nodes offers private, fully managed clusters of nodes to access popular public blockchain networks. Stake provides infrastructure and API endpoints to allow users to create validators and start staking, with support for Ethereum and Avalanche networks​​.Key customers and partnershipsThe company's timeline of innovation includes major milestones such as delivering Fidelity’s first bitcoin wallet in 2016, launching BloqLabs in 2017, and working with Citibank on a Universal Node for digital assets in 2018. In recent years, Bloq has launched BloqCloud, a managed node and API service. It also partnered with Lumerin project to tokenize hashpower and founded Atmos Labs to develop metaverse-native sports​​.Bloq’s key enterprise customers include Discover, Citigroup, Foxconn, Barclays, Fidelity, and Circle.

Bloq

Dragonchain offers a blockchain-based, language-agnostic enterprise solutions that includes a Learning Management System. Some of the solutions include 1) Lyceum, which provides traceable proof-of-course progress, completion, scoring, continuing education units, and certification, along with a GDPR- and CCPA-capable identity management platform; 2) Factor, which enables secure PII storage and streamlined authentication; and 3) A FinTech suite that supports regulatory compliance. Dragonchain’s products are quantum-safe and the proof of every transaction is secured to bitcoin, Ethereum, and other blockchain networks.In January 2020, Dragonchain was able to execute over 260 million transactions on a business system in just 24 hours. The test was run on 520 active nodes with a utilization rate of below 2%; it was estimated that at full capacity, the platform could execute approximately 13 billion transactions.The company’s solutions can be used across a range of industries, including healthcare, FinTech, government, and supply chain management. Most use cases focus on using the platform for information gathering and management, with a priority on accurate and real-time information availability.Key customers and partnershipsThe company has worked with a range of customers including Snohomish County in the US, Beaxy, Knowledge Perk, and SafePass.

Dragonchain

<div>
 
 BlockApps is a leading provider of blockchain solutions that helps businesses enhance transparency and trust in their transactions. BlockApps' key product, STRATO, is a BaaS platform compatible with Ethereum, which is designed for business network transactions and activities, adhering to the standards of the Enterprise Ethereum Alliance (EEA). It can be deployed on multiple cloud providers, integrated with various systems, and is configurable for a range of business activities. It is primarily used for building business networks with a focus on enhancing security, performance, trust, and transparency. STRATO's capabilities include tokenizing real-world assets, incorporating transparency data, and creating value chain incentives. It offers a suite of features including data privacy controls, network governance, scalability, APIs for third-party integration, audit and reporting tools, data migration facilities, identity management using existing enterprise sign-on systems, consensus mechanisms, developer tools, application portability, and the ability to use existing enterprise data models.
 
 
 Key customers and partnerships
 
 
 In 2016, BlockApps collaborated with ConsenSys and BHP Billiton to deploy its first production application. In the same year, it built enterprise Proof of Concepts (POCs) with John Hancock and Upgraded (now Ticketmaster).&nbsp;
 
 
 BlockApps announced an initiative with ARC, United Airlines, and Blockskye in 2018 and also launched the STRATO platform on all major cloud providers by partnering with Google and Amazon Web Services.&nbsp;
 
 
 In September 2021, it launched TraceCarbon, a CO2 ecosystem management application, supporting sustainability traceability.
 
 
 Funding and financials
 
 
 In April 2022, BlockApps raised USD 41 million in funding through a round led by Liberty City Ventures. The company intended to use the funding to enhance its go-to-market strategy, expand its team, help businesses expand in its blockchain ecosystem, and bring more real assets to the STRATO platform.&nbsp;
 
 
 
</div>

BlockApps

Cryptowerk is an enterprise blockchain company that offers blockchain-as-a-service, allowing organizations to create a tamper-proof chain of custody for their digital assets and enabling them to prove authenticity at scale​​. Cryptowerk's solutions are used in multiple industries, including aerospace and defense, automotive, pharmaceuticals, software, and utilities​​.The company's primary product is Cryptowerk HORIZON. This software creates tamper-proof records of digital assets that can be sealed in public or private blockchains up to one million times per second. These digital "fingerprints" can then be compared to the original data to verify authenticity. Cryptowerk HORIZON is offered as a REST API. The product is available for cloud-based deployment and supports various organizations including midsize businesses, small businesses, enterprises, freelancers, nonprofits, and government entities​​.

Cryptowerk

Companies that offer blockchain-based solutions that enable users and companies to track price, date, location, quality, and other relevant information for supply chain management

Companies and protocols that leverage blockchain technology to act as content delivery networks (CDNs) or provide content sharing solutions

Companies that leverage blockchain technology to offer databases, query services and data sharing

Companies that offer blockchain-enabled Internet-of-Things (IoT) development platforms for building networks and transferring IoT device data

Companies that leverage blockchain to protect and manage digital intellectual property (IP) rights

Companies that leverage blockchain technology to provide cybersecurity and identity management solutions for enterprises

Companies and protocols that offer industry and context specific blockchain-based solutions for enterprise applications

The blockchain-as-a-service segment operates under a B2B SaaS model

Companies offering blockchain-enabled tools to build IoT networks/supply chain traceability solutions for smart factories

Includes companies that offer blockchain-enabled tools to build IoT networks and transfer IoT device data

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

<div>
 
 Skuchain provides a platform that focuses on transforming and enhancing the efficiency and transparency of supply chain processes and provides a suite of products and solutions designed to optimize supply chain management.&nbsp;
 
 
 Skuchain's platform uses blockchain to facilitate the creation and execution of smart contracts and automate various processes in the supply chain, including the processing of purchase orders, invoices, and payments. The platform also uses IoT technology to track products and materials throughout the supply chain, providing real-time visibility into the origins and history of items to enhance traceability and combat counterfeit goods. The company&rsquo;s solution also includes supply chain financing services, which help companies access working capital and financing options by leveraging the transparency and reliability of blockchain-based supply chain data.
 
 
 ​​The company&rsquo;s solutions are used by a wide range of companies and organizations involved in supply chain management and global trade, including manufacturers, suppliers, logistics providers, and financial institutions.&nbsp;
 
 
 Key customers and partnerships
 
 
 In January 2018, Skuchain and NTT DATA partnered to integrate Skuchain's EC3 platform and NTT DATA's iQuattro platform to offer a solution that will offer secure logistics management, improved cash flow, and collaborative inventory planning for enterprises.
 
 
 Funding and financials
 
 
 In February 2022, the company raised USD 12.4 million in venture funding. However, limited information was provided on the background of the investors or the expected use of funds. Its last funding round closed in June 2022 and consisted of a grant of USD 256,000 from the National Science Foundation.
 
 
 
</div>

Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company’s platform “Movement” connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.Since its inception, the company has expanded globally by acquiring visibility providers such as GateHouse Logistics, Ocean Insights, ClearMetal, and Convey. It has also built a carrier network with over 238,000 carriers, as of October 2023. In May 2023, the company reported that its platform tracked more than 1 billion unique shipments annually for over 1,300 brands, which included companies from industries such as manufacturing, automotive, retail, life sciences, and chemical and gas.In April 2023, Project44 launched “Movement GPT,” a generative AI assistant for supply chain. This feature allows users to interact within the Movement platform in natural language to track shipments and identify supply chain risks.In August 2024, project44 <a href="https://sp-edge.com/updates/32957">launched</a> Emissions Monitoring, a new feature within its Movement platform. This tool helps shippers, carriers, and logistics service providers measure and report Scope 3 emissions across all transportation modes to improve sustainability and compliance. Earlier In <a href="https://sp-edge.com/updates/31195">July 2024</a>, it introduced enhanced electronic bill of lading capabilities across LTL industry. Also, in the same month it <a href="https://sp-edge.com/updates/31686">launched</a> expanded capabilities and reach for its Appointment Management product to offer a centralized view of facility appointments, enabling shippers to monitor trailer ETAs against scheduled appointments in real-time and proactively manage exceptions.In 2021, Project44 reported an annual recurring revenue of more than USD 100 million. In November 2022, the company was valued at USD 2.7 billion.Key customers and partnershipsAs of October 2023, the company's customers included leading brands such as Nestlé, Convoy, DHL, Uber Freight, and Bayer.In July 2024, project44 expanded its presence in China by launching its Movement platform in the market, making the advanced user interface available to all users in China. The expansion leveraged a new partnership with Baidu, a China-based multinational tech leader, to enhance visibility for customers operating in China. As part of the partnership, project44's over-the-road (OTR) maps in China will be powered by Baidu, improving the company's ability to provide real-time, transparent information to customers.In May 2023, the company entered into a partnership with asset intelligence company, Nexxiot, to enable the delivery of real-time network insights and IoT-centric conditional and location monitoring. Further, in January 2024, the company partnered with Lenzing Group, a specialty fiber producer, to enhance Lenzing Group's ocean shipment visibility with a focus on carbon emissions monitoring. The collaboration involves the creation of an updated real-time shipment visibility tool that collects carbon emissions data at the shipment and container levels.

Project44

Supertrace offers a web-based platform to enable transparency and traceability across supply chains. The company assigns digital identities for physical commodities—a digital code that can be scanned using iOS or Android phones—and stores them in a blockchain database to make them connected and verifiable. This lets users obtain end-to-end visibility of product movements and enables them to manage fraud, ​​identify inefficiencies, and authenticate products in the supply chain while building trust with connected stakeholders.The platform features both software and hardware components and comes as a “plug-and-play” solution that can easily be integrated with existing ERP solutions and third-party systems. As of October 2023, the company claimed that the platform had the capacity to track over 300 million products per year.Key customers and partnershipsAs of October 2023, the company’s platform was used by over 60 companies across the world.

Supertrace

Exiger provides software and tech-enabled tools to manage supply chains through AI-powered solutions. These solutions focus on providing visibility across supply chains and mitigating risks in strictly regulated industries, critical infrastructure companies, defense contractors, financial institutions, and government agencies. They also aim to monitor regulatory compliance and combat financial crime.The company's product portfolio includes solutions such as Supply Chain Explorer, SDX, ExploreRx, and PAC, which are developed to provide visibility across supply networks. Also, its products, such as DDIQ, Screen IQ, and Insight 3PM, are aimed at facilitating risk-screening processes and managing business relationships. In May 2023, the company acquired Ion Channel, adding a platform to its product portfolio to facilitate supply chain risk management.In September 2023, Exiger launched 1Exiger, its new supply chain platform that integrates and provides access to Exiger's products—DDIQ, Insight 3PM, Ion Channel, SDX, and Supply Chain Explorer. The company planned to scale up the platform over the following decade and developed a long-term roadmap to introduce new capabilities.The company operates in the US, Canada, London, Bucharest, Singapore, and Australia. As of October 2023, the company had more than 800 employees across its global offices.In August 2024, the Exiger <a href="https://sp-edge.com/updates/32429">acquired</a> XSB, a logistics intelligence platform with a database of over 100 million parts and 400 million parts attributes, for an undisclosed sum. Through this acquisition, Exiger aimed to enhance its capabilities in depot maintenance, category management, parts obsolescence, parts alternatives, price defensibility, and supply chain optimization. In <a href="https://sp-edge.com/updates/31249">July 2024</a>, Exiger also acquired Versed AI, a company specializing in product breakdown technology, to enhance AI-driven supply chain visibility. Also, in the same month the company <a href="https://sp-edge.com/updates/32093">acquired</a> aDolus Technology Inc., a software supply chain risk visibility platform, for an undisclosed sum. The acquisition allowed Exiger to integrate aDolus' ability to generate software bills of material (SBOMs) and analyze binary for software provenance. This will extend Exiger's Ion Channel platform for SBOM analysis to binaries without SBOMs, device firmware, operational technology (OT), and IoT, addressing the urgent need for organizations to verify and secure operational technology and software providers in an increased cyber threat environment. In 2021, it was reported that Exiger had achieved in excess of 100% compound annual growth in software license revenue worldwide over the previous four years.Key customers and partnershipsAs of October 2023, Exiger was providing its services to 550 Global customers across the world, including 150 companies featured in the Fortune 500 list and over 50 government agencies.In May 2024, Exiger partnered with Kharon, a leader in risk analytics, to enhance global supply chain security efforts. As part of the collaboration, Exiger’s AI-powered supply chain management platform will be combined with Kharon’s insight into supply chain risk to provide a robust and dynamic risk analysis framework.Earlier in March 2024, Exiger entered a strategic partnership with aDolus Technology Inc., an authority in software intelligence for critical infrastructure. The partnership enables Exiger to incorporate aDolus' software into its supply chain platform. This integration will allow for the analysis of firmware and industrial control software for potential vulnerabilities. This collaboration allows both companies to offer improved visibility and risk assessment capabilities in operational technology to their Federal Government and corporate clients.

Exiger

<div>
 
 Chain.io offers a cloud-based integration platform that connects shippers and freight companies across the global supply chain. The company&rsquo;s pre-built adaptors enable shippers and freight companies to integrate their legacy systems with modern API-based SaaS tools to provide them with visibility across their supply networks to efficiently manage freight.
 
 
 
 
 Beyond mere integration, the platform automates freight operations with pre-configured plugins built to expedite the booking, moving, and delivery of freight. This includes automation focused on PO management, securing freight insurance, sending advanced shipment notices (ASN), and invoice processing as well as improving the overall efficiencies in agent, carrier, and customs operations. The platform also enables advanced insights through the aggregation of data from multiple sources into a centralized database. The platform feeds this information into internal reporting and is populated in external dashboards to provide visibility on key operational metrics and environmental impacts.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, Chain.io&rsquo;s platform was used by leading brands such as Ex Works, Janel Group, John S Conner, Magnate Worldwide, OIA Global, and Jaguar Freight Services. As of June 2022, the company claimed that 10 of the 15 world&rsquo;s largest freight forwarders were also using its platform.
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2022, the company raised USD 11 million in a Series A funding round co-led by Fontinalis Partners and High Alpha. The funding was aimed at expanding the company&rsquo;s network of native integrations to the industry&rsquo;s supply chain technology platforms and to expand its geographical reach across North America, Europe, and Asia.
 
 
 
</div>

Chain.io

<div>
 
 Overhaul offers a device-agnostic supply chain visibility and risk monitoring solution to monitor and manage in-transit shipments. The company&rsquo;s technology-driven platform provides real-time visibility into the transportation of high-value cargo and critical shipments, ensuring the integrity of the supply chain. In addition, the platform provides insights using AI-powered predictive analytics for risk monitoring, enabling its users to mitigate potential risks, such as theft, damage, or disruptions. The platform also offers solutions to simplify compliance and documentation processes and assist in managing regulatory requirements, inspections, and certifications in the transportation industry.
 
 
 
 
 Overhaul&rsquo;s products and solutions are geared toward global industries such as pharmaceutical and healthcare, technology, logistics, and food and beverage. According to the company, in 2023, it is expected to track more than USD 1 trillion in shipments in transit.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, the company was offering its products to leading brands such as Microsoft, Dyson, GoPro, Bristol Myers Squibb, and J.B. Hunt.
 
 
 
 
 In April 2023, the company partnered with MCA Connect to offer a comprehensive set of integrated solutions aimed at helping organizations achieve end-to-end supply chain visibility and automate processes.
 
 
 
 
 Funding and financials
 
 
 
 
 In March 2023, the company raised USD 73 million as new growth capital. The funding consisted of USD 38 million in equity and USD 35 million in non-dilutive debt. The round was led by growth equity investor Edison Partners. The proceeds were expected to be used for global expansion, product development initiatives, and to fund the acquisition of security services provider SensiGuard.
 
 
 
</div>

Overhaul

Platforms that provide real-time visibility into the movement, location, condition of products, and environment as they move through the supply chain.

Information sharing and collaborative planning platforms that enable communication, coordination, and collaboration among supply chain partners.

Platforms that facilitate the tracing and verification of products or components throughout the supply chain, from origin to consumer.

Platforms that provide vendor risk intelligence to facilitate vendor due diligence and onboarding, compliance monitoring, contract management, and cybersecurity assessments.

Platforms that help organizations optimize supply chain processes through demand, supply, operations, and scenario planning.

Supply chain tech is frequently depedent on IoT for connecting different links of the supply chain

Supply chain tech contributes towards sustainability through efforts to reduce waste, loss and emissions through improving supply chain operations and accuracy.

Uses blockchain to create transparent, and secure records of transactions and product movements

The platforms facilitate tracing and tracking of products through the supply chain

Skuchain

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