What is Skyscend?
Founded in 2016 and based in Alpharetta, Georgia, Skyscend operates a cloud-native SaaS trade network built on blockchain technology. This platform aims to enhance transparency and scalability within the source-to-pay continuum, offering advanced e-Procurement solutions designed for global enterprises. By leveraging forward-facing technologies, Skyscend addresses critical needs in digitalizing complex trade processes.
How much funding has Skyscend raised?
Skyscend has raised a total of $2M across 2 funding rounds:
Debt
$138K
Angel/Seed
$1.9M
Debt (2021): $138K with participation from PPP
Angel/Seed (2021): $1.9M, investors not publicly disclosed
Key Investors in Skyscend
PPP
Public-Private Partnership
What's next for Skyscend?
The substantial enterprise-level funding and recent strategic investment position Skyscend for accelerated growth and market expansion. This capital infusion is expected to fuel further development of its blockchain-based trade network and enhance its e-Procurement capabilities. The company is poised to solidify its market position by deepening its technological innovation and expanding its reach within the global trade ecosystem, potentially targeting new enterprise clients and strategic partnerships.
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