Backed by tech giant Tencent, blockchain startup Everledger has filed for voluntary bankruptcy and liquidation. This was preceded by a failure to attract funds from investors, writes SmartCompany.
On March 31, 2023, Everledger employees received layoff notices.
On April 24, Vincents Chartered Accounts became the external manager of the project.
The first meeting of creditors will take place on May 8.
Founded in 2015, Everledger has developed a platform for tracking the provenance of luxury goods such as diamonds, precious metals, art and vintage wines.
Over the next eight years, the company raised $51.7 million from venture capital investors and $3 million in federal grants.
In 2019, Tencent led a $20 million Series A funding round for the startup.
Recall that in December 2022, one of the largest public mining companies Core Scientific filed for insolvency in accordance with Chapter 11 of the US Bankruptcy Code.
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Backed by tech giant Tencent, blockchain startup Everledger has filed for voluntary bankruptcy and liquidation. This was preceded by a failure to attract funds from investors, writes SmartCompany.
On March 31, 2023, Everledger employees received layoff notices.
On April 24, Vincents Chartered Accounts became the external manager of the project.
The first meeting of creditors will take place on May 8.
Founded in 2015, Everledger has developed a platform for tracking the provenance of luxury goods such as diamonds, precious metals, art and vintage wines.
Over the next eight years, the company raised $51.7 million from venture capital investors and $3 million in federal grants.
In 2019, Tencent led a $20 million Series A funding round for the startup.
Recall that in December 2022, one of the largest public mining companies Core Scientific filed for insolvency in accordance with Chapter 11 of the US Bankruptcy Code.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!