Tilkal, founded in Paris in 2017, runs a platform that records supply chain events on a blockchain so that companies can trace products from origin to shelf. Its EIC project set out to combine that data-sharing network with "algorithms for supply chain analysis and scoring in real time", and listed early traction in agrifood, textiles, cosmetics, minerals and aerospace, according to CORDIS.

The European Innovation Council granted €2,492,700 towards a €3.56 million project from January 2023 to September 2025. The final report lists a machine learning model that spots outliers in supply chain flows, a correction layer driven by user feedback, a risk model for whole supply chains and "a basis" for extracting data from business documents, with two pilots in food and textiles. In May 2024 the EIC Fund and Innovacom invested, amount undisclosed. Tilkal files its accounts with partial confidentiality, so its revenue is not public; it lost €1.18 million in 2025, according to Pappers.

€2.49MEIC grant, 70% of a €3.56M project
2Industry pilots in the EIC project
−€1.18MNet result, 2025
ConfidentialRevenue not published

Company file

Legal entity
Tilkal SAS, SIREN 828 499 988, Paris
Founded
March 2017
President and co-founder
Matthieu Hug
Staff
10 to 19 (2022 register data)
Investors
Breega, Ventech, Innovacom, EIC Fund
EIC project
1 Jan 2023 to 30 Sep 2025
EIC funding
Blended finance: grant plus EIC Fund equity

Where Tilkal Stands Now

Tilkal sells compliance with EU rules. In January 2025 it said Savencia Gourmet, owner of Valrhona and La Maison du Chocolat, would use it for the deforestation regulation, and in March 2025 that Eramet's eraTrace digital product passport for manganese alloys runs on its platform. In July 2026 it said Gartner had named it a "Market Shaper" for digital product passports. Its earlier named clients include Danone, Daher and the Responsible Mica Initiative.

"We are witnessing a real paradigm shift with the emergence of regulations defining a future where reliable end-to-end traceability will be a condition for accessing most markets."

Matthieu Hug, President and co-founder, Tilkal, May 2024

The Technology: Shared Ledgers and Risk Scores

Tilkal said in May 2024 that its platform processed more than 1.4 million events and 1.3 million notarised transactions a year across 60,000 declared sites and suppliers. Its EUDR module links to the EU's TRACES reporting system, according to its 2024 review. During the EIC project it also implemented the UN Transparency Protocol, a UNECE standard for traceability and product passports.

What the EIC Project Promised, and What CORDIS Shows

The report says Tilkal developed and tested AI risk analysis to help companies meet regulatory requirements. The core risk models were built and piloted. The document understanding layer is described only as "a basis", and the natural language interface as prototyped. The report gives no customer, revenue or usage figures. CORDIS still lists the project as signed.

  1. Risk analysis modelsDeliveredPer final report.
  2. Industry pilotsDeliveredFood and textiles.
  3. Document AI and LLMPrototype"A basis".
  4. Commercial growthUnverifiedRevenue confidential.

The Money

Tilkal lost €264,000 in 2022 and €644,000 in 2023, made a profit of €262,000 in 2024 and lost €1.18 million in 2025. Its cash rose to €3.68 million at the end of 2024 after the funding round and fell to €1.6 million a year later. It filed its accounts with partial confidentiality, which French law allows for companies below two of three limits: €6 million balance sheet, €12 million revenue or 50 staff.

What Cannot Be Checked

Questions for the EIC

How much the EIC Fund invested, Tilkal's revenue, how many paying clients it has and whether the 2025 loss was funded by new money are not public.

Why Europe Should Care

The EU is creating demand for traceability through the deforestation regulation, the battery regulation and digital product passports. Tilkal is a French supplier positioned for that demand, backed by EU money, but whether it can grow faster than its cash runs down is not visible from its filings.

What the project promised

AI analysis and real-time scoring on top of a blockchain traceability network.

What the record shows

Risk models and two pilots built, named EUDR and passport clients, confidential revenue and a €1.18 million loss in 2025.

The Verdict

Built for regulation, scale unproven

Tilkal delivered most of the technology it promised and has clients that EU rules push towards it. With its revenue hidden and losses rising again in 2025, there is no public evidence yet that it has scaled.

Tilkal and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.