kaiosID closed a convertible loan of about CHF240K arranged by Inbound Capital.

kaiosID, a Villars-le-Terroir (Lausanne), Switzerland-based software developer of digital traceability solutions for the packaging sector, announced securing an CHF 240k ($270k) funding round.

The money was provided as a convertible loan arranged by the London-based Inbound Capital.

The company said that the loan is the first stage in a planned series of financing rounds aimed to support establishing kaiosID as the leading name in product traceability in packaging for a wide range of industries.

kaiosID, founded in 2017 by CEO Johan Wüthrich and Raphaël Hunziker, developed a software tool for the packaging sector that helps authenticate, track & trace and create value, producing opportunities to the end consumer.

In addition to helping brand owners fight off grey market and counterfeiting threats, kaiosID offers them powerful customer engagement capabilities – a veritable “digital Swiss army knife” in traceability.