Altana Technologies (Altana), a United States-based startup pioneering a shared source of truth on the global supply chain, has raised a $100 million Series B investment led by Activate Capital.

The round was joined by Singapore-based Reefknot Investments, OMERS Ventures, Prologis Ventures, and Four More Capital, Altana said in a statement.

Existing investors GV (formerly Google Ventures), Amadeus Capital, Floating Point, and Ridgeline Partners all joined the round.

The Series B raise comes on the heels of dramatic sales and data network growth for Altana.

The investment will fund aggressive platform and product development to empower the world’s governments, logistics providers, and businesses – including Maersk, U.S. Customers and Border Protection, BMW, Merck, and Boston Scientific – to build trusted supply chain networks on a shared source of truth.

The funds will also be used to grow its presence in Asia Pacific (APAC), where the company plans to open a Singapore office in early 2023.

Altana connects and maps the world’s public and non-public data to provide a dynamic, intelligent model of the supply chain while ensuring the sovereignty, security, and privacy of the underlying data.

It works with clients – including across Asia – to accelerate and automate compliant trade, to illuminate and collaborate across multi-tier supplier relationships, and build safe, sustainable, and resilient supply chain networks.

“The nexus of climate change, inflation, wealth inequality, and national security is the supply chain,” said Evan Smith, Chief Executive Officer, and Co-Founder of Altana.

“We’re empowering the public and private sectors to refactor global supply chains around trusted networks,

“This investment reflects the importance of our mission in this era of dislocation. We are proud and grateful for these new partnerships as we build toward our vision of Globalisation 2.0 – a new era of globalisation defined by Trusted Networks, which span and connect governments, businesses, and civil society to shape a more resilient, secure, inclusive, and sustainable world,” he said.

“We see Singapore as the ideal global business, finance, and logistics hub with incredible technical and business talent. It offers the perfect conditions for the startup to scale,

“We are planning to make key hires in Singapore in early 2023 – working closely with our partners at Reefknot Investments,” he added.

Additionally, Altana Technologies counts Khoo Boon Hui, former commissioner of the Singapore Police Force (SPF) and former President of INTERPOL as a member of its advisory board.

“Altana’s technology is able to support government agencies by facilitating cross-border trade with trusted information and greater visibility on the origins of goods,

“Along with the private sector, government agencies can also benefit  through insights provided on supply chain integrity issues thereby allowing for better strategic planning and effective responses to disruptions,” said Khoo.

Reefknot Investments helps high growth technology companies to push new frontiers within the supply chain and logistics space, with the ultimate goal to achieve full sustainability and resilience among the region’s supply chain players.

Disruptions to global supply chains resulting from the Covid-19 pandemic, surging geopolitical tensions, inflation, climate shocks, and concerns over forced labour are roiling economies and creating upheaval in financial markets.

These same macro factors are driving adoption of Altana’s platform across the public and private sector.

“We are excited about this new partnership, and believe that Altana’s intelligence and data analytics are uniquely positioned to help its clients power through post-pandemic recuperation and the industry’s demands for sustainable and resilient supply chains,

“This aligns with our own mandate to invest in transformative technologies that drive the supply chain and logistics evolution,” said Marc Dragon, Managing Director of Reefknot Investments.

Reefknot will continue its mission of supporting the supply chain and logistics ecosystem. Its first $50 million fund has invested in exceptional founders and companies, including Roambee, Pickupp, Secondmind and Previse, supporting them to make a transformational impact.

The firm is actively searching for like-minded corporates or financial institutions to reach out for partnership opportunities, especially in Southeast Asia and India.

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