Everledger, a blockchain technology company invested by Fenbushi

According to news on May 8, the blockchain technology company Everledger has entered voluntary bankruptcy because it failed to obtain expected investor funds. The company mainly uses blockchain technology to determine the source of diamonds, high-end fashion, artwork, wine and other luxury goods. The total financing in the past 8 years has exceeded 51.7 million U.S. dollars, of which Tencent led the investment of 20 million U.S. dollars in 2020. Fenbushi Capital also participated in the A round of financing. Everledger employees have received layoff notices on March 31, and a meeting of junior creditors may be held in the near future.