Secro Announces Oversubscribed Series A

We’re thrilled to share that Secro, the trade workflow digitalization platform transforming global trade finance, has successfully closed an oversubscribed $10 million Series A round. Augment Ventures, an early believer and lead investor in Secro’s seed round, proudly participated in this latest raise alongside Assembly Ventures, Sway Ventures, Signal Group, and other strategic backers. Secro is replacing the outdated, paper-based infrastructure that has long plagued commodity trading with a secure, AI-powered platform that enhances transparency, reduces risk, and improves transaction efficiency. Over $1 billion in shipments have already been processed by more than 130 enterprise users, including five of the world’s top ten commodity traders.

The proceeds from the Series A will be used to further scale Secro’s engineering and commercial teams, accelerate product development, and expand its global footprint including the opening of its new EMEA headquarters in Geneva. These investments will support the growing demand for fully digital, secure, and compliant trade documentation and workflows. As global trade grapples with rising complexity and cost, we believe Secro is well-positioned to become the standard infrastructu e layer for modern, digitized trade execution.

Secro Founder & CEO, Michele Sancricca, commented on the close of the round: “Trade finance remains reliant on outdated processes that increase fraud, delay transactions, and inflate capital costs, Secro was created to change that. This investment allows us to scale a globally trusted platform that reduces friction, unlocks liquidity, and introduces real security to global commerce. We’re grateful for the continued support of Augment Ventures, who believed in us from the beginning. Their partnership has been instrumental in helping us scale and deliver trusted, digital-first solutions to the global trade community.”

We are excited to share that Austin Churley joined the team in May as an Analyst at Augment Ventures!

Austin recently graduated from Wayne State University, Mike Ilitch School of Business in Detroit, MI this past April. Austin has held numerous internships including a Capital Markets Trading Intern at United Wholesale Mortgage, Growth Capital Intern at TechTown Detroit – Detroit’s Startup Incubator, and Business Development Intern at Lorient Capital – a Healthcare Private Equity Firm in Birmingham. On top of this, Austin is bringing strong experience and exposure from the Michigan Startup Ecosystem as he founded Wayne State’s first-ever student-run venture capital fund.

Austin holds a Bachelor’s of Science in Finance from Wayne State University, Mike Ilitch School of Business. See below for a quick Q&A to get to know him better!

Why early-stage venture? What drew me to venture capital was the opportunity to be at the forefront of emerging technologies and working directly with visionary founders who are shaping the future. There’s something incredibly energizing about playing a hands-on role in helping innovative ideas go from concept to company. As a former collegiate athlete, I also see a strong parallel between entrepreneurship and sports: both require resilience, discipline, and a commitment to constant improvement. Supporting founders through the highs and lows of building a company feels a lot like being part of a team. Ultimately, pushing toward a shared goal with grit and focus.

What would be your dream company to invest in (past/present)? Outside of a professional setting, if I could invest in one company past/present, it would have to be David Protein. Being big into the fitness industry, this CPG company has taken the fitness industry by storm. Offering an extraordinarily high-protein and low-calorie option but not sacrificing taste. David was built by the previous founders of the nationally recognized “RXBar” and just completed a $75M Series A round. Being a nerd in all things within the health/fitness space, this would be a must for me.

What are some of your hobbies? You can most often find me in the gym. I am extremely passionate about the fitness industry, specifically bodybuilding and hope to compete in the coming years. Additionally, I am an avid football fan (Go Lions) and am also in the process of starting my Golf journey. Outside of these, I also spend a lot of time with my 4 nieces and nephews – taking on the duty of being the “fun-uncle” or “funcle” for short.

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