Based in Oxford (UK), Helveta has developed a pioneering technology platform for tracking natural resources, with a primary focus on timber and a secondary focus on agricultural products. This platform allows for verifying and confirming the legality status and point of origin of each tracked product over the internet at every stage of the supply chain
In a context where illegal logging is a major contributor to deforestation, where importing countries are tackling illegal timber imports by introducing stringent laws and imposing rigorous constraints on timber exporting countries and where legacy paper-based systems have failed to provide a reliable solution, many timber exporting countries are turning to electronic tracking & tracing platforms with the financial backing of international institutions (World Bank, EuropeAid, …)
In this fast growing market of timber tracking & tracing systems, Helveta is the clear market leader. It recently won the contracts to provide the national timber tracking systems in Liberia, Ghana, Democratic Republic of the Congo and Cameroun and is well-placed to win other contracts that will be tendered across Africa, Latin America and Asia in the next 2-3 years
On May 17, 2010, the Company completed a £5.0 m fund raising round. The round was led by BeCapital, with Carbon Trust joining as a new investor and continued support coming from existing investors Albion Ventures, Oxford Capital Partners and Succès Europe
