Digital traceability solutions provider kaiosID closed a convertible loan of about CHF250K arranged by Inbound Capital. This successful funding allows kaiosID it to focus on product development, client acquisition and recruitment.
Vaud-based kaiosID provides unique digital solutions in the packaging sector leveraging the founders’ industry background and its location in the “Swiss Trust Valley”. Through its smart, secure and fully customizable software identification solution applicable in a wide range of products, kaiosID helps authenticate, track & trace and create value to the end consumer. In addition to helping brand owners fight off grey market and counterfeiting threats, the start-up offers them powerful customer engagement capabilities – a veritable “digital Swiss army knife” in traceability.
The Convertible Loan is the first stage in a planned series of financing rounds aimed at firmly establishing kaiosID as the leading name in product traceability in packaging for a wide range of industries. The Convertible Loan was arranged by London-based Inbound Capital.
“Inbound Capital is incredibly pleased about the success of the Convertible Loan and proud to back such as talented and driven team as kaiosID’s. With the growth of e-commerce, the pandemic has rendered more critical the need for digital solutions to combat counterfeiting and grey markets, and the financing of illegal activities. Customer engagement is a key feature of their digital products. The future is bright for kaiosID” commented David Chermont, CEO & Founder of Inbound Capital.
(Press release / SK)
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