Bright Prospects for Digital Signature Startups

By Editorial Team 27/10/2021
startup business
Summary

Signature and digital identity startup Privy raised US$17.5 million in Series B funding led by global venture capital GGV Capital with Endeavor Catalyst and Buana Sejahtera Group. Privy's existing investors also joined in this funding, including MDI Ventures, Telkomsel Mitra Inovasi, Mandiri Capital, and Gunung Sewu Group.

Jenny Lee, the Managing Partner at GGV Capital, said Privy has a strong basis in the digital identity business. "[Privy] has a team with combined experiences in the fields of law, regulation tech, fintech, and cyber security," Lee said on Tuesday. The Privy team focuses on product, privacy, and security, providing a solid foundation for future growth.

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