Topl offers a blockchain-based platform that is purpose-built for Environmental, Social, and Corporate Governance (ESG) claims and to help companies prove their ethical and sustainable practices. The platform offers solutions in the areas of supply chain tracking, carbon credits, non-carbon impact tokens, traceability, and consumer information services. Topl’s use cases range across industries such as agriculture, metals and materials, energy and sustainability, and fashion and beauty.
Key customers and partnerships
In December 2020, the company partnered with TrackX, an enterprise asset management and supply chain solution provider, to develop a verifiable tracking and tracing solution to enhance supply chain transparency. In September 2021, Topl partnered with FUELTRAX, an electronic fuel management solution provider. FUELTRAX integrated blockchain into its EFMS products, recording each step of the process on the secure Topl blockchain. Users can easily track, review, and prove changes in fuel transfers, ensuring a reliable digital record.
In July 2022, the company claimed to be working with Fortune 500 companies that were moving internal ESG reporting systems onto the Topl blockchain.
Funding and financials
Topl’s most recent funding round was in July 2022, when it raised USD 15 million in a Series A funding round co-led by Mercury, Republic Asia, and Cryptology Asset Group. Previously in December 2020, the company raised USD 3 million in a seed funding round led by Mercury Fund. The funds were utilized to accelerate the launch of its Blockchain-as-a-Service (BaaS) solution, Traceability-as-a-Service (TaaS) solution and Registry-as-a-Service (RaaS) solution.
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