What is Skyscend?
Founded in 2016 and headquartered in Alpharetta, Georgia, Skyscend operates at the forefront of digitalizing global trade. The company's core offering is a cloud-native SaaS trade network built on blockchain technology, designed to enhance transparency and scalability within the source-to-pay continuum. By leveraging forward-facing technologies, Skyscend aims to streamline complex e-Procurement processes for businesses worldwide, positioning itself as a key player in the enterprise trade solutions market.
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 recent major strategic investment signals Skyscend's transition into a more mature growth phase, likely focusing on expanding its market reach and enhancing its blockchain-based trade network. This substantial capital infusion is expected to fuel further technological development, bolster sales and marketing efforts, and potentially explore new strategic partnerships. Skyscend's commitment to transparency and scalability through its e-Procurement platform positions it for continued expansion in the global trade ecosystem.
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