The blockchain fashion transparency platform tex.tracer completed 1.5 million euros of seed round financing
It is reported that the blockchain fashion transparency platform, tex.tracer, announced the completion of 1.5 million euros of seed round financing, with the participation of ROM InWest, HearstLab, Joanna Investments and a number of angel investors. Tex.tracer uses blockchain technology, time and geographical location markers, and point-to-point audit functions to collect reliable verification data from major sources.
Interpretation of this information:
Tex.tracer, a blockchain-based fashion transparency platform, has announced the completion of its seed round financing with an impressive 1.5 million euros. The round was participated in by ROM InWest, HearstLab, Joanna Investments, and a number of angel investors, which is a testament to the platform’s potential impact in the fashion industry.
What sets Tex.tracer apart from other fashion platforms is its utilization of blockchain technology. This allows the platform to collect reliable verification data from major sources, ensuring transparency throughout the entire supply chain. The use of time and geographical location markers, as well as point-to-point audit functions, further adds to the platform’s credibility.
Overall, the completion of this seed round financing is a significant milestone for Tex.tracer. The platform has the potential to revolutionize the fashion industry by addressing some of the most pressing issues such as transparency, traceability, and accountability.
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