November 11, 2024
Brazilian blockchain startup Multiledgers has secured $1 million in its latest funding round, with Oxygea Ventures, the corporate venture capital arm of Braskem, and Indicator Capital leading the investment.Oxygea and Indicator Capital each contributed $475,000, while Koyamaki Ventures also participated, investing $50,000. This round reflects growing investor interest in technology solutions that facilitate regulatory compliance and value chain transparency in the environmental sector.
Founded in 2017, Multiledgers provides blockchain-based infrastructure that enables businesses to create, manage, and integrate networks designed for streamlined asset and information management. The company specializes in environmental asset management, supporting companies in tracking and certifying value chains to comply with regulatory requirements. By using Multiledgers’ platform, companies can manage assets such as carbon credits and Renewable Energy Certificates (RECs), helping clients in sectors where environmental compliance and sustainability verification are critical.
Multiledgers plans to use the newly raised funds to expand its team, enhance its technological capabilities, and continue product development. The startup aims to address inefficiencies in the sustainability sector by providing a “one-stop-shop” for managing environmental assets. Current clients include major organizations like Eletrobras and financial technology firm R3, with Multiledgers striving to simplify the complexities of environmental compliance for companies facing regulatory demands.
About Multiledgers
Multiledgers is a Brazilian blockchain infrastructure company established in 2017 to support businesses in the management of environmental and other valuable assets through a blockchain-based network platform. Multiledgers’ services allow companies to streamline compliance and track assets in a secure, transparent way, addressing the growing need for sustainable asset management across industries. Major clients include Eletrobras and R3.
Website: https://multiledgers.com/
About Investor
Oxygea Ventures
Oxygea Ventures is the corporate venture capital arm of Braskem. Focused on driving innovation through investments in sustainability and digital transformation, Oxygea Ventures actively supports startups that align with Braskem’s strategic priorities in advancing the circular economy.
Location: São Paulo, Brazil
Website: https://www.oxygea.com/
Indicator Capital
Indicator Capital is a venture capital firm specializing in technology investments across Latin America. The firm backs innovative startups in sectors including digital transformation, clean technology, and sustainability, with a focus on fostering impactful growth.
Location: São Paulo, Brazil
Website: https://www.indicatorcapital.com
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