Announcing Veratrak's backing by Seedcamp
Another piece of exciting news, as we announce our backing by Seedcamp. Seedcamp is Europe's leading seed fund, investing in world-class teams attacking large, global markets, solving real problems using technology. We're delighted to receive financial backing and support from Seedcamp, as well as a place in their network of over 250 other companies with their backing.
Since launching in 2007, Seedcamp, has invested in the likes of fintech unicorn TransferWise along with some of Europe's fastest growing companies Revolut, UiPath, and wefox. Veratrak's strong team comprised of University of Oxford alumni bringing a wealth of technology and industry expertise with a vision to transform the way that pharmaceutical supply chain companies collaborate making Veratrak a natural fit for Seedcamp.
Matthew Wilson, co-founder of Veratrak says, “Efficient pharmaceutical supply chains are essential for delivering high quality, cost effective and increasingly personalised medicines. Traditionally, the pharma supply chain lagged behind other industries’ supply chains in-part due to a lack of need to innovate in areas outside of R&D. However, with the rise of generics, patent cliff, and increasingly stringent regulations such as the European Union Falsified Medicines Directive, companies are now looking to unlock additional value through innovating and digitising their supply chain processes. The vast majority of documentation is currently shared over email, fax or through the post. Our cutting-edge solution gives supply chain companies a new way to work together with their customers, suppliers and partners to deliver medicine to patients in a safe, efficient and secure manner. We’re delighted to be backed by Seedcamp and to work together with them as we grow and scale, transforming the way that pharma supply chain companies collaborate.”
On the investment, Seedcamp Partner, Tom Wilson, comments, “Veratrak's product has the potential to revolutionise the way critical documentation is stored and collaborated on across the pharmaceutical supply chain. Large parts of this hugely valuable supply chain are still using paper based processes. As such, we see a real opportunity for Veratrak's approach of creating a shared workspace that utilises blockchain technology to ensure the security of documentation handovers."
Who are we?
Veratrak's documentation management and collaboration platform allows Pharmaceutical Supply Chain companies to better collaborate, increasing security and efficiency. Our practical use of blockchain technology provides a rock solid audit trail of documentation handovers for our customers.