About Provenance
Provenance is a company based in San Francisco (United States) founded in 2018 by Alana Aldag Ackerson. It operates as a Blockchain-as-a-Service. Provenance has raised $22.65 million across 2 funding rounds. Provenance offers products and services including Blockchain for Asset Tokenization. Provenance operates in a competitive market with competitors including Consensys, Luno, Ripple, Amber Group and Matrixport, among others.
- Headquarter San Francisco, United States
- Founders Alana Aldag Ackerson
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Provenance Blockchain Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.65 M (USD)
in 2 rounds
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Latest Funding Round
$2.65 M (USD), Series B
Nov 12, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of Provenance
Provenance offers a comprehensive portfolio of products and services, including Blockchain for Asset Tokenization. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital real-world asset tokenization is facilitated through blockchain.
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Funding Insights of Provenance
Provenance has successfully raised a total of $22.65M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $2.65 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $2.6M
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First Round
First Round
(12 Apr 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - Provenance | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - Provenance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Provenance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Provenance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Provenance Comparisons
Competitors of Provenance
Provenance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Consensys, Luno, Ripple, Amber Group and Matrixport, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
Blockchain-based payment network for cross-border transfers is developed.
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| domain | founded_year | HQ Location |
Blockchain-based financial solutions are offered for crypto trading and payments.
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| domain | founded_year | HQ Location |
App-based platform offering crypto investment products and financial services solutions
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| domain | founded_year | HQ Location |
An app-based platform is offered for cryptocurrency trading and investments.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Provenance
Frequently Asked Questions about Provenance
When was Provenance founded?
Provenance was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Provenance located?
Provenance is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Provenance a funded company?
Provenance is a funded company, having raised a total of $22.65M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Apr 12, 2019.
What does Provenance do?
Provenance is focused on providing blockchain solutions for digital real-world asset tokenization. The platform supports tokenized solutions, applications, and analytics for various industries. Developers are encouraged to build on the platform using provided guides and resources. Participation is facilitated through blogs and community engagement.
Who are the top competitors of Provenance?
What products or services does Provenance offer?
Provenance offers Blockchain for Asset Tokenization.