Helveta, the provider of supply chain intelligence software CI World, has completed a GBP5m equity financing.
The round was led by BeCapital, with Carbon Trust joining as a new investor and continued support coming from existing investors Albion Ventures, Oxford Capital Partners and Succès Europe.
Helveta’s CI World supply chain intelligence functionality enables public and private sector users in the forest and food products industries to provide full traceability and compliance verification capability for assets moving along global supply chains.
CI World is being used to monitor in excess of 2.7 million hectares of forest across the Congo and Amazon basins and in South East Asia. Recent major contract wins include national timber traceability and compliance validation systems in the Democratic Republic of Congo and Cameroon.
Patrick Newton, chief executive of Helveta, says: “The funding increases Helveta’s working capital reserves to drive expansion of our supply chain governance solutions in the key markets of forest and food products.”
“Helveta is uniquely placed to provide technology solutions for chain-of-custody tracking and certification of natural resources, in particular in the timber and food sectors, a space that is destined to experience significant growth as a result of powerful regulatory and economic drivers. Led by an experienced management team, it is building an invaluable platform in emerging economies across Asia, Africa and South America,” adds Laurent Vermer, investment director at BeCapital.