Roehl Niño Bautista · · 1 min readSequoia backs e-signature firm’s $12m seed round
Singapore-headquartered EthSign, a Web3 application builder, has raised US$12 million in a seed round led by Sequoia Capital India and Mirana Ventures, with participation from Sequoia Capital and Sequoia Capital China.
EthSignProject Lead & Cofounder Xin Yan, EthSign project lead & cofounder EthSign / Photo credit: EthSign
EthSign built a decentralized e-signature service called EthSign Signatures for securing contract agreements. It will also launch EthSign Smart Agreements, a customizable escrow framework for contract execution.
The company was founded by Xin Yan, Potter Li, and Jack Xu in 2020.
Li explained that the firm was creating code-based contracts on top of PDF contract terms, with the end goal being completely self-executable agreements.
See also: Singapore’s ‘Crypto King’ has no clothes
Other investors in this round include:
- Amber Group
- Hack VC
- Circle Ventures, NGC Ventures
- Hashkey
- Infinity Ventures Crypto
- IOSG Ventures
- Tess Ventures
- Folius Ventures
- Shima Capital
- Genesis Block Ventures
- Hash Global
- KB Ventures
- Mask Network
- Matrixport
- Synaps
- AV Blockchain Fund
- Goodwater Capital
- Emoote
- Next Web Capital
Update (March 9, 11:15 a.m. SGT): This article was updated with information on headquarters and founders.
Editing by Samreen Ahmad and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
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