What is Centrifuge?
Founded in 2017, Centrifuge operates as an open, blockchain-based protocol engineered to connect the global financial supply chain. The platform empowers businesses to transact seamlessly while maintaining full sovereignty over their sensitive data, including validated company credentials, reputation metrics, and historical business relationships. By leveraging decentralized ledger technology, Centrifuge effectively removes intermediaries, thereby reducing costs and increasing efficiency for participants within the supply chain ecosystem. Its market position is defined by its ability to provide a secure, permissionless environment where enterprises can tokenize real-world assets, effectively unlocking liquidity that was previously trapped in traditional, siloed financial systems.
How much funding has Centrifuge raised?
Centrifuge has raised a total of $19M across 2 funding rounds:
Other Financing Round
$4M
Series A
$15M
Other Financing Round (2022): $4M with participation from SCYTALE and L1 Digital
Series A (2024): $15M led by IOSG Ventures, Gnosis, Greenfield Global, and Parafi Capital
Key Investors in Centrifuge
IOSG Ventures
IOSG Ventures is a research-driven investment firm focused on the Web3 ecosystem, supporting founders in building community-friendly protocols across infrastructure and middleware.
Gnosis
Gnosis is a specialized IT and business consultancy providing technology advisory, cyber security, and operational resilience services to diverse sectors including financial services.
Greenfield Global
Greenfield Global is an established producer and supplier of raw materials and ingredients, bringing industrial expertise to the investment landscape.
What's next for Centrifuge?
With the successful closure of this major strategic investment, Centrifuge is well-positioned to accelerate its enterprise adoption strategy. The capital will likely be deployed to enhance protocol scalability, expand its suite of decentralized financial tools, and deepen integration with existing enterprise resource planning systems. As the industry shifts toward more robust, compliant, and interoperable Web3 infrastructure, Centrifuge is poised to lead the transition of supply chain finance into the digital asset era. Future efforts will likely focus on broadening the ecosystem of institutional participants and refining the protocol's governance mechanisms to ensure long-term sustainability and security for its global user base.
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