Brazilian blockchain startup Multiledgers raised $1M in a round led by Braskem’s CVC Oxygea Ventures and Indicator Capital. Koyamaki Ventures also participated in the round. Oxygea and Indicator invested $475K each, while Koyamaki invested $50K.
Multiledgers is a blockchain infrastructure company that helps businesses easily create, manage, and integrate networks to manage information and assets, with the main use case being the management of environmental certificates, allowing customers to securely track value chains and ensure regulatory compliance.
Multiledgers will use the funds to grow the team, enhance its technology, and further develop its products.
According to Multiledgers’ Co-Founder and CEO Paulo Brizola, Multiledgers aims to solve a significant challenge in the sustainability market: the complexity and inefficiency in the management of environmental assets by companies seeking to meet regulatory and market requirements. The focus is to offer a “one-stop-shop” platform for sustainability management, centralizing everything from tracking to certification of assets such as carbon credits and RECs.
Founded in 2017, Multiledgers serves clients like Eletrobras and R3.