E-signing solutions provider raises €5m seed capital

Certifaction, a  Zurich-based software company, has completed an oversubscribed €5m seed round led by Silicon Valley-based VC Expa, launched by Uber co-founder Garrett Camp. Further new and existing investors also participated in the round to support the startup in reaching its expansion plans.

In an era of increasing privacy concerns, the new paradigm of working from home and the worldwide regulatory pressure to adopt more secure and privacy-preserving solutions, Certifaction’s e-signing solution enables organisations to digitise their processes while safeguarding data confidentiality and security.

The 2020 incorporated company has developed the first electronic signature solution with zero document knowledge through client-side processing and end-to-end encryption. The easy-to-integrate privacy-preserving eSigning solution built on a modular technology can integrate any identity network and is fully compliant with the strongest compliance and security requirements. The technology covers simple use cases like B2B eSigning to highly sophisticated ones requiring identity verification (like digital onboarding) or 3rd party revocation of the document (like ePrescription).

The fully-fledged enterprise solution is already being used in various industries, particularly within healthcare, financial services and public sectors, where privacy and security are of paramount importance. Leading Swiss organisations have selected the technology for their ePrescription project. It allows healthcare practitioners to sign medical documents and mark them as dispensed by pharmacists, with full system interoperability and without central storage of sensitive information.

For banks and insurance companies, Certifaction provides an easy-to-integrate CLI that enables leading financial institutions to digitise their customer on-boarding processes, combining an identity verification with a fully compliant electronic signature.

The seed round is led by Expa, a startup studio and VC fund launched by Uber co-founder Garrett Camp and led by the founders and leaders of Virgin Galactic, Twitter, LinkedIn, Uber, Google, and others. HV Capital participated in the round, and existing investors, Wingman Ventures and Seedcamp, followed up on their previous investments.

Already present in 10 countries, Certifaction will use the funds to further expand its European operations to enable organisations to digitise their processes with an easy-to-integrate privacy-preserving electronic signature solution.

“We are delighted to welcome amazing investors on board who support us in our core belief that digitisation should not be at the expense of data confidentiality and privacy. We are well-positioned to create our own category within a multi-billion dollar eSigning market with a unique modular eSigning platform serving enterprise customers,” says co-founder and CEO Benoit Henry.

“We’re excited to lead the round for Certifaction. We have been impressed by what the experienced founder team has accomplished in such a short period of time and we look forward to supporting their vision of privacy-first eSigning,” said Milun Tesovic of Expa who will join the company’s board of directors.