TechFlow news, according to Smart Company, blockchain technology company Everledger has entered voluntary administration after anticipated investor funding failed to materialize. Staff were notified of layoffs on March 31, and Vincents Chartered Accounts was appointed administrator on April 24.
Everledger was founded in 2015 by Leanne Kemp, former Queensland Chief Entrepreneur. The company initially used blockchain technology to track the origins of diamonds and other precious materials, later expanding to trace luxury goods such as high-end fashion, artwork, and wine. Over the past eight years, Everledger has raised over $54.7 million in funding. In 2020, Tencent led its Series A round with a $20 million investment. Previous investors included GMP Securities, Rakuten, and Fenbushi.
