U.S.-based software technology company Chronicled Inc. has concluded Series A funding with $16 million in commitments.

Led by Mandra Capital, the round was also joined by Streamlined Ventures, The Perkins Fund, and two individual investors.

With the net capital, Chronicled will launch its network commercially in 2019 and open a development office in Vancouver, British Columbia.

Further, the company will use the funds to expand its MediLedger Network with service provider integrations and additional strategies that address channel integrity and chargebacks, contracting, and revenue management.