Dltledgers

The firm targets large enterprises, banks, and logistics organizations, enabling them to create a connected supply chain. Its core product, Proteus, is a low-code, multi-party application development platform that allows businesses to collaborate with external partners, moving beyond the limitations of internal ERP systems. Proteus facilitates the digitalization of multi-party transactions, automates workflows using smart contracts, and ensures data authenticity on a tamper-evident distributed ledger. This addresses challenges such as lack of transparency, inefficiencies in trade finance, and complex compliance requirements. The platform integrates with existing enterprise systems from providers like SAP and Microsoft. It also supports regulatory compliance for frameworks like EUDR, FSMA-204, and CBAM.

Dltledgers generates revenue through a subscription and transaction-based model. For most clients, this involves a monthly SaaS subscription, while others can opt for a pay-as-you-go model with a setup fee and a per-transaction charge. The company caters to a wide range of industries, including agribusiness, minerals, metals, and consumer goods, with clients such as Tata Motors, Wipro Consumer Goods, Mondelez, and Shiseido. Since its inception, the platform has processed billions of dollars in trade transactions, involving hundreds of companies and dozens of banks globally. The company has raised a total of $18 million over three funding rounds, with its Series B in 2022, led by the family office of the Tata Group, valuing the company at over $100 million. This funding is aimed at fueling expansion into North America and further product development.