# VAKT: Oil & energy, London, United Kingdom

> VAKT: VAKT is a London-based blockchain technology company founded in 2018 by major players in the oil industry to enhance the global oil trading sector.

Source: https://millionrounds.com/startup/vakt (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Oil & energy startup](https://millionrounds.com/companies)

# VAKT

VAKT is a London-based blockchain technology company founded in 2018 by major players in the oil industry to enhance the global oil trading sector.

Funding reported Last round: Undisclosed round

Oil & energy London, United Kingdom

Company summary

- **Founded:** 2018 8 years old
- **Team:** 45 11 to 50 people
- **Funding reported:** 10M as listed, currency not stated
- **Last round:** Undisclosed round Jan 2020

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for VAKT has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About VAKT

VAKT is a London-based blockchain technology company founded in 2018 by major players in the oil industry to enhance the global oil trading sector.

The company aims to digitize and secure the post-trade processing of oil transactions through a blockchain-enabled platform, creating a reliable source of truth for the entire trade lifecycle. VAKT operates offices in London and Lisbon and is supported by a consortium of leading energy companies and banks. VAKT offers a digital ecosystem for physical post-trade processing, which streamlines workflows and improves efficiency. Its core services include automating trade entry error detection, standardizing logistics processes, and digitizing customer experiences. The company's product suite features solutions like vActuals for post-trade verification, vSure for trade security and compliance, and vLogistics for optimizing logistics operations. VAKT primarily serves B2B clients in the FinTech and energy trading sectors, including global energy traders and banks, enhancing the value of trades by reducing transaction friction and improving access to trade finance.

## What company datasets say VAKT raised

Funding, as reported

Reported in all **10M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round size **8.7M**

Last round date **Jan 2020**

Investors listed **3**

## Founders and team

From VAKT's own website: 7 on the team.

- **Christopher Summut** AmSpec Vice President Operations – EMEA-APAC
- **Joerg Wienke** Senior Vice President for Commercial Operations
- **Tasja Botha** CEO
- **Daniel Rodrigues** CfO
- **Jatin Bhadra** CPO & interim CTO
- **Caroline Buyssens** VP Logistics & Trading
- **Jenny Sautreuil** General Manager Business Excellence

## The company, in detail

What they build

Known for

customer engagement real-time data distribution secure trade records error reduction distributed ledger technology iso 27001 information technology & services trade dispute elimination digital trade confirmation financial services cloud-based infrastructure finance global oil trade secure data exchange trade data standardization

Built with from their website

Google Tag Manager Amazon CloudFront Atlassian CloudFlare Viewport Meta dc.js ZoomInfo Sales Webflow Hosting Apple Business Manager AI

+8 more

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- **Sector:** Oil & energy
- **Industry code:** NAICS 54151, 513210, SIC 6799
- **Region:** England
- **Revenue:** 1.7M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/vakt-holdings-limited)

## Oil & energy in United Kingdom

Startups like it

- [**CORE POWER** founded 2018](https://millionrounds.com/startup/core-power)
- [**Special Piping Materials** Manchester · founded 1989](https://millionrounds.com/startup/special-piping-materials)
- [**RAPTOR ENERGY LIMITED** Chesterfield](https://millionrounds.com/startup/raptor-energy-limited)
- [**FrontRow Energy Technology Group** Aberdeen · founded 2016](https://millionrounds.com/startup/frontrow-energy-technology-group)
- [**Motia** Leeds · founded 1990](https://millionrounds.com/startup/motia)
- [**Blue Ocean Seismic Services Limited** Farnborough · founded 2019](https://millionrounds.com/startup/blue-ocean-seismic-services-limited)
- [**Sultan Energy** London](https://millionrounds.com/startup/sultan-energy)
- [**Inductosense** Bristol · founded 2015](https://millionrounds.com/startup/inductosense)

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