Veratrak aims to digitise the pharmaceutical supply chain
by Startacus Admin
London-based SaaS startup Veratrak is aiming to transform how pharmaceutical supply chain companies work together.
London-based SaaS startup Veratrak is digitising the pharmaceutical supply chain with its document collaboration and workflow management platform. Veratrak’s platform means that pharmaceutical companies can securely onboard internal and external users to review, authenticate, verify, and sign off on critical documentation for any stage of the supply chain. Veratrak says that it can save weeks with its document processes and approval workflows, which in turn saves money and increases efficiency.
Their powerful encryption for file upload and storage ensures that documents are protected even when working with third parties. Like just about everything these days that wants to be safe, secure, and untrickable with a solid paper-trail, Veratrak uses blockchain, making it the first pharmaceutical industry approved ‘document-sharing and workflow management solution’ to do so. This makes its auditability and data integrity rock solid.
The dashboard looks clear, intuitive, and easy to use, and provides insights into performance of suppliers, customers, and employees alike. The platform was designed with input from pharmaceutical and life sciences companies to ensure that it is what it needs to be and to maximise usability.
Just a month or so ago, Veratrak raised a handy £1m in seed funding from a handful of investors including Force Over Mass, Seedcamp, and Blockchain Valley Ventures, adding to the support and backing it has received from individual investors.
Outside of this, Veratrak has been busy, co-founding the first European Blockchain Working Group for the Pharmaceutical Industry, EPOCH; presenting at the Oxford Saïd Entrepreneurship Forum; participating in a Healthcare Innovation Day at Silicon Valley; and winning the Innovation of the Year award from Oxford University.
These are all clear indications that plenty of people see the value in the Veratrak platform, and for a platform that ultimately results in more efficient patient care, we expect to see more awards in the near future.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Osaka Gas makes strategic investment into energy supplier Igloo Energy in exchange for a minority stake in the company
HypeLabs, the leading software-only mesh networking provider raises $3m to strengthen its team and to support its international growth plans
Berlin-based music startup, Jambl secures $500,000 investment from Gismart, a leading developer and publisher of entertainment-focused apps and games
We asked the Hollabox App team to share their top predictions on how technology will challenge fake news and reviews in 2020.
.png)
Further development by Wishu, the social marketplace aimed at generation Z creative freelancers, waith the launch of its iOS app
Tracworx is a real-time patient tracking system that results in excellent patient care throughout the entire patient journey
The environmental initiative, Returnr that aims to replace single use takeaway packaging with equivalent reusable solutions
Thriftify is an online platform that connects the most sustainable & ethical source of goods with consumers who care...
Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week
HyperJar is a FinTech startup and digital app which is making it easier for people to plan, share and spend their money
Published on: 19th May 2019
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Igloo Energy secures strategic investment of up to £20 miliion 10th Dec 2019 Osaka Gas makes strategic investment into energy supplier Igloo Energy in exchange for a minority stake in the company
- Mesh-networking startup HypeLabs secures $3M to provide Internet-free connectivity 10th Dec 2019 HypeLabs, the leading software-only mesh networking provider raises $3m to strengthen its team and to support its international growth plans
- Gismart invests $500k in innovative music startup Jambl 9th Dec 2019 Berlin-based music startup, Jambl secures $500,000 investment from Gismart, a leading developer and publisher of entertainment-focused apps and games
- Derry & Strabane Tech event championing women in tech and tech inclusion announced 5th Dec 2019 Women in Tech themed half-day event and startup pitching competition to take place during next year’s Derry City and Strabane District Council’s Enterprise Week
