Veratrak wants to digitise the pharmaceutical supply chain

STEVE O'HEAR | April 8, 2019

Veratrak, a London-based startup that aims to digitise the pharmaceutical supply chain, has picked up £1 million in seed funding. Leading the round is Force Over Mass, with participation from Seedcamp, Ascension Ventures, Blockchain Valley Ventures and TrueSight Ventures. A number of individual investors have also backed the young company. They include ex-head of Corporate Strategy for Microsoft, Charlie Songhurst, current EVP of Operations at Vectura Group and previous vice president of Global Supply Chain at Baxter, Tony Fitzpatrick and Antonin de Fougerolles, CEO of Evox Therapeutics. Launched in August 2018, Veratrak  offers a “document collaboration and workflow management platform” targeting the pharmaceutical industry. The SaaS enables organisations to on-board both internal and external partners to verify, authenticate, review and sign-off on “critical documentation” related to various stages of the supply chain. These span the production, packaging, shipping and dispensing of medicine.

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GoGood Genetics is a biotechnology company specialized in direct genetic testing for consumers. It makes personalized studies in which it determines the interactions of nutrition with the genetic profile of each individual. In the market it has 4 genetic tests: Vital, Intolerance, Diet and Sport. Knowing someone's genes, you can know what diet is best for your health, prevent diseases and, ultimately, lead a healthier and better quality life.

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