Published: 2020-08-03 16:00:25 CEST
Baltic Technology Ventures
Company Announcement

Baltic Technology Ventures AS has concluded an Investment / Consulting and Business Development Agreement with SIA “KEDEON SOLUTIONS”

Baltic Technology Ventures AS (BTV) has concluded an Investment / Consulting and Business Development Agreement with SIA “KEDEON SOLUTIONS” (KEDEON), a Latvian based company providing a food quality tracking platform that makes merchant's supply chain more resource-efficient, secure, transparent and trusted.

Reinis Skorovs, the CEO of KEDEON commented: "We look forward to working with BTV and benefit from their excellent connections in the industry, access to funding and expertise in scaling technology businesses. At KEDEON, we are addressing food waste and consumer health risks from food spoilage, caused by chain temperature breaches during the storage and transport of perishable food products. Food spoilage can happen at any stage of the supply chain. Our goal is to provide a sensor mesh network platform that enables tracking of the food supply chain with immutable recordings."

BTV will aim to support and develop penetration of KEDEON supply chain solutions into large retailers and distributors across Central and Eastern Europe, EU and in later stages across the US and Asia.

BTV is the only listed venture capital / business development firm focusing on the Baltic market, aiming to connect local innovation with deep experience and access to funding.

Member of the Management Board                                                             G.Zolotarev

         Contacts:
         Address: 1-5 Rupniecibas Street, Riga, LV-1010
         Phone: +371 67783611
         
         Contact person:
         Gene Zolotarev
         Member of the Management Board
         Phone: +371 67783601
         e-mail: gene@baltictechventures.com
         
         Certified consultant:
         Svetlana Hramčenko
         "Law Office Spridzans" Ltd.
         Phone: +371 26712718
         e-mail: svetlana.hramcenko@spridzans.lv