Controlant completes a $15 million Series B funding round backed by Sjóvá and VÍS.
Controlant, a Reykjavik, Iceland-based developer of digital supply chain visibility solutions, announced it has closed a $15 million Series B funding round.
Controlant, founded in 2007 and led by CEO Gísli Herjólfsson, aims to ensure consumer safety and decrease waste by digitally connecting the end-to-end supply chain. The company's product - Cold Chain as a Service - is a combination of IoT, visibility and analytics through its cloud software platform, helping companies – among other things – track product condition from manufacture through last mile in highly regulated industries. The company is currently supporting the distribution of Covid-19 test kits, has partnered with global pharmaceutical manufacturers to monitor the distribution of COVID- 19 vaccines when they get regulatory approval.
Prior to this deal, Controlant secured roughly $10 million from two tranches of outside funding.