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Provenance has raised $5.8M across 2 funding rounds.
Key people at Provenance.
Provenance was founded in 2013 by Anthony Choe (Founder).
Provenance has raised $5.8M in total across 2 funding rounds.
Provenance offers a platform validating and amplifying product sustainability claims. The company's technology enables consumer brands to communicate their environmental and social credentials with integrity, providing clear, reliable data. This approach facilitates informed choices, combating marketing "greenwash" by making genuine impact transparent and accessible at the point of sale.
Jessi Baker founded Provenance around 2014. Her central insight recognized the market's potential for systemic change, contingent on consumers accessing consistent, dependable data for sustainable choices. Baker's early involvement in the nascent blockchain community influenced the company’s development of verifiable supply chain information.
Provenance serves consumer goods brands globally, building trust with customers. Its long-term vision is to empower a billion citizens worldwide to align their purchasing decisions with personal values, accelerating a broader transition towards a more sustainable global economy. It aims to make the ethical choice both visible and simple.
Provenance was founded in 2013 by Anthony Choe (Founder).
Provenance has raised $5.8M in total across 2 funding rounds.
Provenance's investors include Merian Ventures, Pareto Holdings, S4S Ventures, Working Capital Fund, 360 Capital Partners, AperiamVentures, Math Capital, Brian Fitzpatrick.
Provenance refers to multiple entities in finance and tech, but the most prominent matching "Provenance is a company" are investment firms focused on growth-stage consumer brands and blockchain financial services. Provenance Consumer (provenanceconsumer.com) acts as a growth equity investor and operator, stewarding digitally-intensive, direct-to-consumer brands with $10-50 million investments, leveraging analytics for omnichannel growth while emphasizing timeless brand-building principles.[4] It targets consumer sectors, supports founders with operational expertise, and drives cultural impact through customer-obsessed innovation.[4] Similarly, Provenance Capital Group raises capital for regenerative and circular enterprises across stages like Series A-E and debt, challenging short-term financial thinking to integrate people, planet, and profit via a unique investor network.[1]
Provenance Blockchain (provenance.io) is a Layer 1 blockchain company built with Cosmos SDK for financial services, powering real-world assets like SEC-registered stablecoins (YLDS), loan registries (DART), and home equity lending (Figure), with billions in loan TVL and institutional trust.[5] These entities influence the startup ecosystem by providing growth capital, operational support, and blockchain infrastructure for fintech innovators.[1][4][5]
Provenance Consumer, based in Beverly Hills, evolved as a growth-stage investor in digitally-intensive DTC brands, with an analytically driven strategy targeting consumer transactions and growth capital; specific founding year and partners are not detailed in available data, but it operates from 8383 Wilshire Boulevard.[2][4] Its focus emerged from recognizing flux in markets and media, emphasizing analytics to enhance enduring brand value creation.[4]
Provenance Capital Group positions itself as a challenger to short-term capital markets, collaborating with regenerative enterprises; founders' details are referenced but not specified beyond "From our Founders" sections.[1] Provenance Ventures, a related VC arm, targets seed/early-stage social technology companies.[3] Provenance Blockchain originated as a purpose-built proof-of-stake network for financial products, gaining traction through live applications like YLDS (SEC-registered stablecoin) and DART (compliant loan registry), serving real businesses with measurable outcomes.[5] Early pivotal moments include partnerships with Figure Lending, the top non-bank HELOC provider serving 160K+ households.[5]
Investment Model and Analytics Edge (Provenance Consumer/Capital Group):
Blockchain Infrastructure (Provenance Blockchain):
Track Record and Support:
Provenance entities ride key trends like sustainable investing, DTC digital transformation, and blockchain tokenization of real-world assets (RWAs). Provenance Capital Group and Consumer capitalize on circular economy shifts and consumer analytics amid market flux, enabling regen enterprises and omnichannel brands to scale against short-termism.[1][4] Timing aligns with rising demand for impact-aligned capital and data-driven branding in volatile media landscapes.[1][2][4]
Provenance Blockchain leads RWA financialization, powering compliant fintech like stablecoins and lending amid regulatory clarity (e.g., SEC registration), influencing Web3 adoption by institutions.[5] Market forces include exploding private credit (billions in TVL) and HELOC demand, with Provenance enabling verifiable, automated finance.[5] Collectively, they bolster the ecosystem by funding early/growth startups in social tech, consumer, and fintech, fostering innovation in people-planet-profit models.[1][3][4][5]
Provenance firms are poised to expand amid RWA growth (projected trillions by 2030), regen finance mandates, and AI-enhanced consumer analytics. Provenance Blockchain could dominate institutional DeFi with more yield products and validators, while Consumer/Capital Group scales DTC portfolios in cultural brands.[5][4][1] Influence may evolve through deeper regen-tech synergies and RWA interoperability, solidifying their role as stewards of profitable, planet-positive innovation—echoing their core challenge to short-termism for enduring impact.[1][4][5]
Key people at Provenance.
Provenance has raised $5.8M across 2 funding rounds. Most recently, it raised $5.0M Series U in March 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2023 | Ten Thousand | $22.0M Series A | Provenance | Alabaster, Craft Ventures, Grace Beauty Capital, NCT Ventures, Pareto Holdings, Starbridge Venture Capital, Brandon Shainfeld, Kevin Colas, Michael Lynton, Thomas Tull, Alfa, Blue Scorpion Investments, Elizabeth Street Ventures, Fernbrook Capital |
| Apr 1, 2018 | Zaius | $30.0M Series B | Insight Partners | GSV Acceleration, Krillion Ventures, Reach Capital, Smash Capital, Vesuvio Ventures, Marc Benioff, Leaders Fund, Matrix Partners, Underscore VC |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $5M Series U | — | Merian Ventures, Pareto Holdings, S4S Ventures, Working Capital Fund, 360 Capital Partners, Aperiamventures, Math Capital | Announced |
| Jul 1, 2017 | $800K Seed | — | Merian Ventures, Brian Fitzpatrick | Announced |