Chronicled raises $3.425M

What does Chronicled do?

Chronicled, is the 1^st bulletproof system of authenticity for sneakers. It leverages blockchain and smart labels for creating an open system of ownership, authenticity, provenance and connectivity for assets. The company has a network of sneaker experts and brand partners who add tamper proof of Smart Tags to every pair of authentic sneakers. These tags provide every sneaker a digital presence over the web. With this anybody can verify the authenticity of sneakers by just tapping their mobile phone. The company has built a word class product development team in the Silicon Valley, which developed a complete software and hardware platform for authenticating, social engagement and tracking around vintage and collectible sneakers.

How much Chronicled was funded?

Chronicled raised $3.43M on March 9, 2016 from Solon Mack Capital, Pantera Capital, Vinny Lingham, Mandra Capital and Colbeck Capital.

Previous funding

• $1.4M on August 27, 2015 from Solon Mack Capital, Mandra Capital, Colbeck Capital, Social Starts, Pantera Capital and Seattle Seahawks

What is next for Chronicled?

The company plans on using the latest funding for building up its customer base, for implementing encrypted BLE tagging solution and for expanding its data and analytics capabilities. It is to soon launch its sneaker authentication in NYC area this April and is offering authenticity tags to customers at Sneaker conventions and via partnerships with certain chosen retailers and resellers. The company is exploring sneaker brands partnerships for including authenticity chips at the time of manufacture.

More about Chronicled

Chronicled was founded in 2014 by Sam Radocchia, Dave Aho, Maurizio Greco and Ryan Orr. It has its headquarters in San Francisco. This tech company is developing a platform for one hundred percent authentic products to be verified, tagged, registered and transferred from a mobile app. The Chronicles app is currently available in the Apple App Store and Google Play store.