Polish startup building a solution for traditional document management transition to web 3.0 world, DoxyChain has raised €2.2 million to speed up security, transparency, and business workflow automation.
The early seed round was led by Level2 Ventures and backed by CV VC, Satus Starter, and Müller Medien. The fresh capital infusion will support further product development and foreign expansion to the European and U.S. markets.
Founded in 2019, DoxyChain offers infrastructure for documents, combining traditional frontends with Web 3.0 features. Talking about what’s in the pipeline in the coming months, Gabriel Dymowski, CEO and Co-founder of DoxyChain informed: “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. The second major platform feature is DoxyConnect, which will serve like a data room. Built on the blockchain, it lets the parties of a document exchange transact in a secure and easy way never seen before.”
Piotr Żelazko, CTO and co-founder of DoxyChain said: “The startup is now building a modular infrastructure that allows clients to develop their own tailored advanced workflows and use cases on top of it. Such an infrastructure will be our seed milestone.”
“The main economic value relies on process automation with smart contracts. Instead of building costly blockchain foundations software developers will focus on improving processes and user interfaces, leaving entire decentralisation and automation to DoxyChain,” added Adam Rudowski, co-founder of Level2 Ventures fund.