We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » RKVST raises $7.5M in funding to enable organisations to build verifiable digital supply chains
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

RKVST raises $7.5M in funding to enable organisations to build verifiable digital supply chains

September 21, 2022
No Comments

CAMBRIDGE UK and SANTA CLARA, Calif – September 21, 2022 – RKVST, the integrity, transparency and trust platform for digital supply chain operations, announces the first close of a Series A funding round of $7.5 million, from Ridgeline, Acadia Woods, Cyber Mentor Fund and Long Run Capital. Ryan Clinton, General Partner at Ridgeline, joins Kevin Compton, co-founder at Radar Partners and Nick Sturiale on the RKVST board of directors.

Since introducing the RKVST platform last year and recently announcing both a Free and Team tier service, RKVST now powers verifiable digital supply chains for a growing customer base to track, trace and share the provenance of enterprise assets, enabling more resilient operations and accountability for improved decision-making. The funding will be used to accelerate go-to-market plans, support developers using the RKVST API to add transparency and accountability to supply chain processes, grow partner ecosystems and accelerate feature development.

Rusty Cumpston, Chief Executive Officer, RKVST says:
“Today, we can replace the expensive, redundant, error-prone supply chain processes businesses currently use with a SaaS platform to build verifiable digital supply chain operations. This enables organisations of all sizes to move faster, reduce cost, reduce risk and increase business resiliency. We’re thrilled to be working with great investors who have a wealth of experience in building successful B2B SaaS businesses and delighted that Ryan Clinton is now on our board of directors.”

Ryan Clinton, co-founder and General Partner at Ridgeline says:
“We are excited to invest in and work with the RKVST team. Supply chain resilience is broadly needed for all types of physical and digital assets. We hear it from our Limited Partners and we’ve seen the increasing importance that governments and commercial industry are placing on supply chain security – from US Government Executive Order 14028 and the work of the Internet Engineering Task Force (IETF) – looking to address standards for supply chain integrity, transparency and trust. There’s an impressive team at RKVST with a proven track record, having built multiple successful start-ups, and they are ideally suited to deliver on this growing business opportunity.”

Kevin Compton, co-founder and partner at Radar Partners says:
“As complexity in supply chain operations increases, building resiliency has emerged as a key concern, as highlighted in a recent Supply Chain Tech Report published by Pitchbook. Sharing provenance information about assets is essential in improving resiliency, managing down costs and enhancing the speed of decision-making that organisations now require. The RKVST team recognised the need for supply chain provenance and resiliency four years ago and has introduced an amazing platform accessible with a simple API. The market is huge with worldwide spending on logistics in 2020 standing at $9 trillion, 11% of global Gross Domestic Product. Radar Partners has been fortunate to invest in similar opportunities where great teams coupled with great product vision and market demand result in successful businesses. We believe there’s a bright future for RKVST and are very glad to help support and grow the business.”

https://www.realwire.com/releases/RKVST-raises-75M-in-funding
Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Technology
  • Related Articles

    ORO Raises $25 Million in Series A Funding to Reimagine Procurement

    FourKites Secures $100M Series D Funding to Infuse Global Supply Chains with Real-Time Visibility

    Lytica Raises $3 Million To Accelerate Transparency And Reduce Risk In The Global Electronics Supply

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Postal Service plans to seize items mailed with fake stamps

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing