[Funding alert] Madrid-based Gataca Raises €1.3 Million in Funding

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As a well-known venture capital firm in the web3 field, Signature Ventures' investment in Gataca highlights the rising understanding of the significance of decentralised identification solutions in today's digital the natural world.

Irene Hernández, CEO of Gataca stated: “We are thrilled to welcome Signature Ventures as a partner, continued by adding: “This investment is a testament to the strength of our team, our technology, and our vision for the future of identity management. With Signature Ventures’ support, we can accelerate product development and bring innovative solutions to market even faster.”

This fresh round of funding includes early backers of Gataca, a well-known American fund called SBXi, and Signature Ventures. This widespread backing from a wide range of investors bolsters Gataca's prospects and solidifies its standing as a pioneer in the field of decentralised identification.

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Juliane Hahn, Partner at Signature Ventures stated: “Decentralised identity isn’t just a technology; it’s the cornerstone of trust and empowerment for both organizations and individuals. In an increasingly interconnected world, it offers the assurance of security and the freedom of control over our digital lives. The potential of Gataca’s technology is huge, and we’re excited to see the positive impact it will have for all stakeholders involved.”

With the additional funding, Gataca will be able to boost its staff, develop new features and products, and strengthen its position as a key participant in the decentralised identity market.

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With this fundraising round, Gataca is one step closer to realising its goal of providing digital identities that are extremely secure, privacy-preserving, and simple to use, and that can be effortlessly incorporated into the present systems.

About Gataca

Gataca's decentralised identity solutions have allowed people to securely and discreetly manage their personal data since the company's founding in 2018.

This is a significant step towards building a digital world that is safer and more respectful of privacy. The technology of the organisation has been effectively used in other areas, such as finance, government, and higher education.