Bext360

SaaS solution for supply chain digitization, sustainability and capital accessOpaque and antiquated supply chain systems facilitate harmful practices and conditions while fraud, contamination and human trafficking remain commonplace. This has triggered both an increase in regulatory requirements and consumer demands for greater transparency.Regulators and  consumers are demanding proof of sustainable operations and engagement with farmers and other supply chain stakeholders; however, corporations are unable to produce the proof of ESG performance, sustainability measures or carbon offsets.Bext360 offers hardware, IoT devices and software to provide a comprehensive solution for supply chain traceability, with blockchain as the system’s foundation. Our integration of AI, machine vision, bio and synthetic markers and inventory management tools enhances analytics and verification points for customers who access this information through our SaaS platform. Customers can also add sustainability metrics to monitor these investments and integrate data into systems.Our system goes beyond advanced analytics and integrations for the SaaS market. Currently, there is a $4 Trillion gap in capital lending to small and medium-sized producers. Tokenization of assets according to quality and value, enabled by the blockchain, provides financial institutions (FIs) a mechanism to lend to these producers so they can compete fairly in the global economy. Along with digitization, these supply chains will result in vertical integration and the disintermediation of non-value-add actors. FIs are eager for this change because they are looking for new ways to finance sustainable investments in complex supply chains. Digitizing supply chain allows FIs to mitigate risk, finance sustainability investments for corporate supply chain actors, and incentivize sustainable suppliers with better financing rates through special finance programs.

Bext360 was among Forbes' Most Innovative AgTech Startups in 2018
Bext360 tracks recyclables for Nespresso to improve the company's sustainability and investment in the circular economy
Bext360 partnered with ‘fashion giants’ for a cotton pilot program that is believed to be the "first time tracer technology had been coupled with blockchain to trace organic cotton." – Forbes & Fashion for Good
Bext360 designed the system for what it believes to be 'the world's first blockchain-traced coffee', offered by Coda Coffee, as reported by the Wall Street Journal
Bext360 is a member of The Nature Conservancy and TechStars’ 2019 Sustainability Accelerator in Denver

Dan Jones
CEO
Dan Jones, CEO and Founder, is an entrepreneur with nearly 20 years living and working in emerging and frontier markets, including China, the Democratic Republic of Congo (DRC), and India.Recently, Jones spent five years living in Kinshasa, DRC, where he evaluated supply chains, structured and funded companies as CEO and founder of Pioneer Management. In DRC, he founded RAMIKA, the first US-owned company to successfully export conflict minerals from DRC to the US in compliance with supply chain and traceability requirements under the Dodd-Frank Act. He also structured the first private port facility constructed in the DRC. His professional roots are in technology, electronic commerce and emerging economies. In 1991, Jones was with the Defense Intelligence Agency where he was a key architect and topology designer of the Joint Worldwide Intelligence Communications Systems (JWICS), the first TCP/IP system to transfer voice, video and data across Top Secret networks.Jones has a B.S. in Operations Research and Industrial Engineering from Cornell and an M.B.A. with concentrations in International Business, Finance and Business Strategy from the University of Chicago (Booth). He served as an Adjunct Professor of Strategic Management at the University of Chicago where his specialty was the impact of technology on Business Strategy.

Dean Kingston
COO
Kingston has over 20 years experience as a mechanical engineer with a focus in electro-mechanical development. He has created robotic instruments for diagnostic products and plant automation projects in both the US and in Europe.  As Director of Engineering and Manufacturing for Express Diagnostics International, Kingston oversaw his company’s US patent portfolio. Kingston received a Bachelor of Science in Mechanical Engineering from Colorado State University.Kingston and Jones have collaborated on previous projects and have known one another for 20 years.

Round type: Seed Round size: US $1,000,000 Minimum investment: US $1,000 Target Minimum: US $285,000 Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 5.0% Note term: 24 months