Madrid, Spain-based cybersecurity company focusing on decentralized identity management technology, Gataca, raised EUR 1.3 million in funding. The company announced the investment on December 1, 2023. Signature Ventures has joined their cap table as a new financial partner. In addition to Signature Ventures, SBXi, a prominent American fund as well as Gataca’s early backers, also participates in the new financing round.
Purpose of financing for Gataca
With the latest financing, Gataca seeks to fuel the company’s continued growth further. It also has plans to fund innovation as it revolutionizes the way people manage their digital identities.
The proceeds from the latest financing allow Gataca to build new products and functionalities. The company also plans to ramp up the hiring operations and scale the team. Meanwhile, the cybersecurity firm furthet solidifies its position as a major player in the decentralized identity space.
The funding round also positions Gataca one step closer to achieving its mission of delivering highly secure, privacy-preserving, and easy-to-use digital identities which will seamlessly integrate into existing systems.
What the company’s official has to add
Irene Hernández, CEO of Gataca, said, “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.”
What the investors have to comment
Juliane Hahn, Partner at Signature Ventures, said, “Decentralized 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.”
About Gataca
In 2018, Founders Irene Hernandez and Samuel Gómez launched the company. Gataca’s decentralized identity solutions enable individuals to control their personal data securely and privately. The company’s technology is useful in a variety of cases, such as government, higher education, and finance. Signature Venture’s investment in Gattaca further strengthens the growing recognition of the importance of decentralized identity solutions in today’s digital landscape as a renowned venture capital firm in the web3 space. Meanwhile, the broad support from a diverse group of investors further validates Gataca’s potential and its position as a leader in the decentralized identity space.
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