Ennoventure Raises $8.9 Million for Global Expansion

Ennoventure Inc., an anti-counterfeit startup, has raised $8.9 million in Series A funding led by Singapore's Tanglin Venture Partners, with participation from existing investors including Fenice Investment Group. The funds will enhance Ennoventure's patented invisible signature technology, which uses AI and cryptography to provide real-time product authentication without altering packaging processes. The company aims to expand its presence in key markets, including Europe, the US, the UAE, and India, where 70% of its revenue currently comes from. Ennoventure's technology, which can be integrated into product packaging within 48 hours, is used across various industries, including FMCG and automotive, to combat the significant global issue of counterfeiting. CEO Padmakumar Nair emphasized the importance of this funding for scaling operations and enhancing product offerings, while Chairman Ahmad Chatila highlighted the critical need for advanced brand protection solutions in a market rife with counterfeit goods.