Brand protection and authentication solutions provider Ennoventure raises $8.9 million
- Ennoventure, Inc. raised $8.9 million in a Series A funding round led by Tanglin Venture Partners, with participation from existing investors like Fenice Investment Group.
- The company specializes in AI-powered brand protection and authentication solutions, offering patented invisible signature technology to combat counterfeiting.
- Ennoventure plans to utilize the new funding to expand its operations globally, focusing on markets such as the USA, UAE, and India.
- The startup is dedicated to enhancing brand security and consumer trust by enabling product packaging to become intelligent and connected without requiring significant capital investment or process changes.
- The investment reflects confidence in Ennoventure’s ability to address critical market needs through innovative technology that protects brands and their reputations.
Ennoventure, Inc., an AI-powered brand protection and authentication solutions provider, recently raised $8.9 million in a Series A funding round led by Singapore-based venture capital firm Tanglin Venture Partners.
The round also saw participation from existing investors, including Fenice Investment Group and additional SAFE investors.
“We are excited to welcome Tanglin Venture Partners at this pivotal stage of our journey. This investment will enhance our product offerings and drive our mission to provide unparalleled brand protection globally,” said Chairman of Ennoventure, Inc., Ahmad Chatila.
What does Ennoventure do?
Ennoventure, Inc. is a global SaaS startup leading the digital revolution in brand protection, distinguished by its patented invisible signature powered by AI and cryptography.
The startup empowers brands and consumers by authenticating product packages and transforming them into intelligent, connected packaging. Its solutions integrate into product packaging without process changes or capital investment.
The startup plans to use the raised capital to scale operations globally, strengthening its footprint in the USA, UAE, India, and beyond.
“Ennoventure is addressing a critical market need with its unique, process-agnostic brand protection technology,” said Sankalp Gupta, Partner at Tanglin.
“We are proud to partner with Ennoventure as they continue to disrupt the market and provide brands with the tools they need to combat counterfeiting and safeguard consumer trust,” Gupta added.
“Securing this investment is a significant milestone in our journey to become the go-to partner for brands looking to protect their products and reputations,” said Padmakumar Nair, CEO and Founder of Ennoventure.
“With the support of our investors, we are well-positioned to lead the charge in delivering innovative, AI-powered solutions that empower brands to stay ahead of the curve in a fast-evolving market.”
Here is the information extracted from the provided text about Ennoventure, Inc.:
Startup
- Name: Ennoventure, Inc.
- Description: An AI-powered brand protection and authentication solutions provider, specializing in patented invisible signature technology and connected packaging to combat counterfeiting.
Founders
- Padmakumar Nair: CEO and Founder
- Ahmad Chatila: Chairman
Fundraise
- Amount Raised: $8.9 million
- Funding Series: Series A
Investors
- Lead Investor: Tanglin Venture Partners (Singapore-based venture capital firm)
- Existing Investors:
- Fenice Investment Group
- Additional SAFE investors
Statements
- Ahmad Chatila: Comments on welcoming Tanglin Venture Partners and the mission to enhance product offerings globally.
- Sankalp Gupta: Partner at Tanglin Venture Partners, highlighting the investment’s significance in enabling Ennoventure to disrupt the market.
- Padmakumar Nair: Comments on the significance of securing the investment to become a go-to partner for brand protection solutions.
This structured information summarizes the key details regarding the funding round, the startup, its founders, and the involved investors.