Secro, a Wilmington, DE-based provider of a digital bill-of-lading platform known as Secro e-Bill, raised $3.6M in Seed funding.
Secro Raises $3.6M in Seed Funding
Secro e-Bill, a digital bill-of-lading platform, has secured $3.6M in Seed funding.
Augment Ventures and TMV led the round, with Kluz Ventures and Grit and Gumption Ventures also participating.
The company plans to use the funds to expand its network of business partners, develop new features and officially scale its platform.
Headed by Michele Sancricca, Secro’s platform enables users to perform the functions of a paper bill of lading more efficiently, with lower cost and increased security. Built on the NEM Symbol private blockchain, Secro facilitates the export of proof of original documents and enables users to attach supporting files to the e-bill of lading.
The platform also enables users to convert the e-bill of lading into paper form to fulfill compliance prerequisites and local customs requirements. Moreover, it allows multiple teams to collaborate on eBL drafts and invites internal and external employees to participate.
About Secro e-Bill
Secro e-Bill is a digital bill-of-lading platform developed by Secro, a US-based technology company.
It is designed to allow users to perform all the functions of a paper bill of lading more efficiently, with increased speed, security, and user interaction, without the need for complicated private agreements used by other electronic bill of lading (eBL) providers.
The platform is built on the NEM Symbol private blockchain, allowing users to easily export proof of original documents, attach supporting files to the e-bill of lading, and convert it into paper form to comply with local customs requirements.
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Secro also enables multiple teams to collaborate on eBL drafts and invites internal and external employees to participate. With its legally acceptable and enforceable proprietary software and a digitally native token representing the bill of lading, Secro e-Bill aims to bring innovation and change to an industry that has long been reliant on physical paper records.
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