The Nigerian-based anti-counterfeiting startup, Chekkit Technologies, has announced a $500,000 pre-seed round as it looks to expand its team and technological infrastructure. This round included Pan African VC, Launch Africa, Japan Strategic Capital, Blockchain Founders Fund, and two angel syndicate groups. The company also received a grant from Netherlands’ Orange Corners program.
Chekkit Technologies is a Nigeria-based software company providing product authentication and distribution tracking solutions to FMCGs and Pharmaceuticals. Their solution helps to prevent consumers from buying or using counterfeit products.