Prisidio, a Chicago-based cloud data storage startup, has raised an additional $ 3.5 million in seed funding to expand its digital vault platform.
The series funding round has been led by Chicago Ventures with input from existing investors OCA Ventures and Origin Ventures. This brings the total seed funding raised by the startup to $ 6.85 million. Rob Chesney, partner at Chicago Ventures, referred to the company’s involvement, saying:
âA global pandemic and an endless series of natural disasters have taught us the importance of preparing for the unthinkable, and Prisidio is helping alleviate the stress that comes with the chaos of locating and organizing important assets. Chicago Ventures are excited to help create a product that will help everyone through all stages of their lives. We are excited to partner with Glenn and Paul again as we believe they are world class entrepreneurs working to meet an important global need.
The startup was founded in 2020 with a mission to change the way people store key documents and information while sharing them with family and advisors. The digital safe platform developed by the startup will offer its users an efficient and secure way to ensure that documents such as wills, mortgage deeds, tax documents and other essential data are stored securely. and easily accessible to trusted parties at all times.
Prisidio CEO Glenn Shimkus and Marketing Director Paul Koziarz, the two entrepreneurs in the series with over 50 years of combined document management experience who founded the startup, believe that vital information tracking has become. an unnecessarily difficult process. Despite the important role this information plays in the lives of millions of people, no solution seems to have leveraged today’s technology to make the process easier. Shimkus said in this regard:
âFinding vital personal information and documents is time consuming and frustrating, especially when you need to find it quickly – and that’s if you can even remember where to look. Prisidio changes all that with a centralized and secure solution that allows individuals and families to store, organize and share their most important personal documents and information to collaborate and prepare for whatever the future may bring them. . Our platform makes it easy, for example, to take a picture of your watch or your grandmother’s pearl necklace, and add a video note explaining why the item is important to you.
The rise of cloud computing and storage solutions has made it easier than ever to store and access information from any location and device. However, existing solutions do not provide a secure way to grant access to relying parties or efficiently organize the data itself. Prisidio seeks to be the first to provide an effective solution to this problem, providing millions of people with a way to prepare for the unexpected at a time when many have realized they are not.