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Integrated packaging solutions provider Ennoventure raises $5-M from Fenice

Economic Times  

Ennoventure Inc, a Massachusetts (US)- and Bangalore-based SaaS company that provides technology to track and trace products and identify counterfeit items, has raised USD 5 million as part of its Series A funding from Fenice Investment Group, USA. The funding will be used for scaling up the team and to expand to Europe and the US. In April 2018, the company had raised USD 1 million in a seed fund round. Ennoventure's key markets are South Asia, India and Africa. The company has its R&D centre in Bengaluru. Started in 2018 by Padmakumar Nair and Shalini Nair, Ennoventure offers an integrated packaging solution that enables companies to stay connected with their customers throughout the journey, right from production to final consumption.