Upchain secures $7.4M Series A

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By Ted Liu

Upchain Inc. has raised $7.4 million in Series A from OpenText Enterprise App Fund (OTEAF) and BDC Capital. The company made the announcement on February 23, 2018.

Upchain intends to use new funding to fuel product development, drive even better customer experiences, and grow market team (sales, marketing, and customer success & support). Upchain has already expanded Croatian and Toronto teams, and it plans on adding 60+ team members over the next 10 months

Founded in 2015 by John Laslavic, Upchain serves the needs of suppliers who manage product development cycles involving their large customers and supporting suppliers that both design and manufacture across multiple locations.

photo credit: Upchain