Home Blockchain Egypt-based blockchain communication startup Pravica lands investment from CV VC

Egypt-based blockchain communication startup Pravica lands investment from CV VC

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Cairo-based Blockchain-technology B2B communication startup Pravica has obtained a direct funding from Crypto Valley Enterprise Capital (CV VC) a blockchain-focused VC agency. Pravica leverages its blockchain expertise to empower person privateness and safety when speaking.

Within the press launch, Olaf Hannemann, CIO and co-founder at CV VC expressed happiness in Pravica’s “new method to a extremely sensible communication suite with final privateness and safety requirements, enabled by Blockchain expertise.”

Mohamed Abdou, Pravica CEO stated that the corporate is “reinventing digital communication protocols by using Stacks Blockchain and its good contracts” with the intent to “engineer a tamper-proof decentralized id” secured on Bitcoin’s community as a completely decentralized storage system.

The funding got here forward of the primary cohort demo day by Stacks Accelerator the place Pravica was considered one of 25 shortlisted startups. Pravica stays in a powerful place to scale its operations and repeatedly broaden its messaging app to all customers.

Pravica is a revolutionary communication software particularly messaging apps for enterprises the place knowledge breaches are recorded by the preferred communication apps worldwide. Finish of FY 2022, Pravica is seeking to onboard over 5,000 enterprises with a median of 500,000 mixed customers. The app is constructed on Blockchain, secured by blockchain design which supplies unparalleled privateness and safety altering the encrypted communication trade.

CV VC invests in revolutionary blockchain expertise. It focuses on world groups constructing functions on the intersection of what it phrases as ‘Expertise for Tomorrow’ (T4T) throughout six trade verticals together with Safety & Identification.




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