UK’s Adjuvo Leads Investment Round for London-based Startup
In a significant move for blockchain signature solutions, Cygnetise, a London-based startup, has announced a successful £2.5m pre-Series A funding round. The round was led by the UK investment syndicate Adjuvo, with notable participation from US venture capital firm Massive and earlier investors.
Expanding Horizons with New Funding
With this new influx of capital, Cygnetise is set to bolster its tech and sales departments, aiming to venture into uncharted markets. Their innovative software, built on the robust foundation of blockchain technology, offers businesses a streamlined approach to share signatures with external stakeholders, including banks and legal entities.
A Global Reach
Having already made its mark in over 40 countries, Cygnetise’s global footprint is undeniable. David Mandell, the managing partner at Massive, lauded the company’s achievements, stating,
“We are convinced that Steve has built Cygnetise into an application where the use of blockchain has substantial and unique benefits and solves a globally persistent and complex business problem.”
The Power of Blockchain
Blockchain, the bedrock of cryptocurrencies like Bitcoin, is still navigating its path to mainstream business adoption. However, Cygnetise stands as a testament to its myriad benefits in the realm of blockchain signature solutions. These advantages encompass a thorough audit trail, tamper-proof data, and a system that’s distributed across multiple nodes in diverse locations.
Mark Foster-Brown, Adjuvo’s CEO, encapsulated the sentiment, saying:
“The need is both real and obvious, and so we are delighted to lead this round to support Steve and the team as they drive an ambitious growth strategy.”
In Summary
As blockchain continues to weave its way into various business sectors, solutions like Cygnetise are leading the charge, showcasing its tangible benefits. What are your thoughts on the potential of blockchain signature solutions? Share your insights in the comments below!
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