[Funding alert] London-based SaaS platform Cygnetise Raises €2.9 million pre-Series A Round Funding
Sep 26, 2023 | By Startup Rise EU
![[Funding alert] London-based SaaS platform Cygnetise Raises €2.9 million pre-Series A Round Funding](https://startuprise.co.uk/wp-content/uploads/2023/09/London-based-SaaS-platform-Cygnetise-Raises-E2.9-million-pre-Series-A-Round-Funding-1.webp)
A €2.9 million pre-Series A round has been gained for the cloud-based SaaS platform Cygnetise. US VC Massive and present VC and angel supporters also participated.
By expanding the company's sales and technology teams, the crowded round will enable speed of the cooperative digital signature managing solution's growth.
Read also - Invest-NL backs Climate-First Fund Extantia Capital
The new resources will enable the firm, which currently operates in more than forty countries, to target further global sector expansion and meet the demands of a fast expanding market.
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/04/London-based-FilmChain-Secures-E2.8-Million-in-Funding.webp)
[Funding alert] London-based FilmChain Secures €2.8 Million in Funding
Startup Rise EU
Apr 19, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/06/Paris-based-imagino-Secures-E25-Million-in-Series-A-Round-Funding.webp)
imagino funding news – Paris-based imagino Secures €25 Million in Series A Round Funding
Startup Rise EU
Jun 5, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/07/TRAIT.webp)
TRAIT Funding News – TRAIT Secures €1 Million Seed Funding for Empathetic AI Training Platform
Team SR
Jul 23, 2024
Blockchain technology is employed by Cygnetise to revamp the Certified Signatory Management process. With the help of the Cygnetise platform, finance and operations departments can safely share and manage authorized signatories in real-time with their banks and other counterparties.
Read also - London-based Dawn Capital Secures $700million For B2B Software Fund
This enhances operations, improves business continuity, strengthens governance, greatly boosts efficiency, and significantly lowers costs while additionally decreasing the danger of fraud.
Cygnetise CEO Steve Pomfret remarked "We look forward to working with such high-calibre new partners,Cygnetise has reached a significant milestone, and the entire team deserves praise for their contributions in getting the business this far. We can now enter our next phase of expansion and accelerate our growth thanks to the investment".
Read also - Edinburgh-based Continuum Industries Secures $10 million Series A Round Funding
About Cygnetise
By using the most recent blockchain technology, Cygnetise digitalizes the management of signed authorizations in a safe, economical, and sustainable method.
Read also - Hamburg-based Bioeconomy Startup Traceless Raises €36.6 million in Series A Funding
While lowering the risk of signature fraud, Cygnetise enables companies to maintain their signatory lists and bank requirements with ease. The data has been verified on a permissioned blockchain using distributed ledger technology (DLT), where the user has complete control over their own data.
Additionally, all changes are documented, creating an unchangeable audit trail that reveals who made what changes and when, further enhancing the security of your data.
Read also - Madrid-based AI Writting Platform Correcto Secures $7 mn Seed Funding
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2023/10/Ukraine-based-Product-Development-Company-Trinetix-Raises-10-million-in-Funding.webp)
[Funding alert] Ukraine-based Product Development Company Trinetix Raises $10 million in Funding
Startup Rise EU Oct 4, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/05/Cancer-Biotech-Startup-Infinitopes-Secures-12.8Million-in-Seed-Funding.webp)
Cancer Biotech Startup, Infinitopes Secures £12.8Million in Seed Funding – FUNDING NEWS
Startup Rise EU May 1, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Trondheim-based-Versiro-Secures-E2.3-Million-in-Funding-.webp)
Versiro funding news – Trondheim-based Versiro Secures €2.3 Million in Funding
Startup Rise EU Jul 3, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/11/Madrid-based-Electric-Mobility-Velca-Secures-E5.3-Million-in-Series-A-Round-Funding.webp)
[Funding alert] Madrid-based Electric Mobility Velca Secures €5.3 Million in Series A Round Funding
Startup Rise EU Nov 30, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/02/Paris-based-Naboo-Secures-E7.5-Million-in-Funding.webp)
[Funding alert] Paris-based Naboo Secures €7.5 Million in Funding
Startup Rise EU Feb 5, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/12/GLORY-to-Acquire-Flooid.webp)
GLORY to Acquire Flooid
Startup Rise EU Dec 28, 2023