DoxyChain, a Warsaw, Poland-based startup building a solution for traditional document management transition to the web 3.0 world, announced that it raised €2.2 million in seed funding.
The round was led by Level2 Ventures, a VC fund established by Adam Rudowski and Piotr Pawłowski. Other investors included CV VC, a Swiss VC fund specializing in blockchain companies, Polish Satus Starter, and Müller Medien, a German family group of companies.
The capital will support further product development, team growth, and foreign expansion—to the European and US markets.
DoxyChain aims to become the best global infrastructure for documents, combining traditional frontends with web 3.0 features.
“In October, we are launching DoxyCert and DoxyConnect. DoxyCert is a toolkit that allows clients to issue blockchain certificates, also as NFTs, which will be used as undeniable proof of authenticity or ownership. A certificate is a specific type of document that requires the highest level of security and transparency throughout its life cycle. The second major platform feature is DoxyConnect, which will serve as a data room. Built on the blockchain, it lets the parties of a document exchange transact securely and easily never seen before.”-Gabriel Dymowski, CEO and Co-founder of DoxyChain, said.
Company: DoxyChain Limited Liability Company
Raised: €2.2M
Round: Seed Round
Funding Month: September 2022
Lead Investors: Level2 Ventures
Additional Investors: CV VC, Polish Satus Starter, and Müller Medien
Company Website: https://doxychain.com/
Software Category: Document Digitization and Management
About the Company: DoxyChain is a pioneer in DLT DMS that delivers the first, most cost-effective, modular blockchain infrastructure for DMS and creates an entire blockchain infrastructure for document management executed by smart contracts, with APIs for major enterprise applications and other blockchains. DoxyChain is a natural bridge between legacy Web 2.0 and Web 3.0, with the transition period being 2 weeks. DoxyChain was established in 2019 by a small group of blockchain technology enthusiasts. Now, the team includes over 15 people and keeps actively hiring.
Source: https://doxychain.medium.com/doxychain-raises-eur-2-2m-early-seed-funding-to-expedite-security-in-document-management-59d453ce83e0