Topl bags $15m to power the next wave of supply chains

Topl, which developed blockchain built to drive impact initiatives and sustainable transformation for companies across the world, has raised $15m in Series A funding.

The round was co-led by Mercury, Republic Asia and Cryptology Asset Group.

Founded in 2017, Topl is a technology company developing a purpose-built blockchain ecosystem to empower businesses and individuals to unlock the value of their positive impact.

Topl said corporations are undergoing a “massive transformation” as they adapt their operations towards a sustainably inclusive, decarbonised, energy-efficient future. The company said its blockchain facilitates this transformation across value chains by providing organisations with an affordable, user-friendly, and tangible way to track, tokenise and transact their impact and sustainable initiatives.

The funding follows Topl’s recent announcement of its inaugural grant programme to fund Web3 startups and developers building inclusive and sustainable transformation across supply chains and markets.

Chris Georgen, founder and managing director of Topl, said, “Topl’s blockchain was purpose built to power the next wave of supply chains and markets, that are more sustainable and inclusive.

“Every decision we’ve made has been relentlessly focused on this problem and it’s exciting to see this approach yielding results with more than 30 different impact-forward use cases already live or approaching launch. Through this latest fundraise and with the strong network we’ve built, we’re looking to accelerate the growth of our ecosystem and setting a goal of at least 100 applications launched by next year.”

Earlier this month, Aptos Labs raised $150m in a funding round led by FTX Ventures and Jump Crypto.

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