Today London-based Cygnetise announced it raised a pre-Series A round of funding from Bloccelerate. Cygnetise is one of the companies that benefited during the pandemic because of the need to digitize business processes.
Founded in 2016, by the end of 2020, Cygnetise raised a total of £2.3 million ($3.1 million).
Here’s the problem it aims to address. When you enter into a contract with a company, how do you know the person that signed it is authorized to do so? Never mind outsiders, even for someone inside a large organization, it’s good to be able to find out who is allowed to sign checks, NDAs or other contracts. Historically this has involved emailing Word files or spreadsheets containing authorized lists of signatories.
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