Zurich – Software developer Skribble has secured a single-digit million figure in a financing round. The startup is developing a solution for legally binding electronic signatures.
In future, contracts will no longer need to be printed in order for them to be signed in a legally binding way. The startup Skribble offers a solution for electronic signatures. “We apply the qualified electronic signature (QES) standard. This is the only type of e-signature that is equivalent to a handwritten signature in the eyes of the law,” explained Philipp Dick, co-founder and CEO of Skribble. Users need a digital identity card in order to sign documents electronically. To this end, Skribble is working together with SwissID and eID+ from Schaffhausen.
Skribble has now also impressed investors with its solution. It was reported in a press release that the startup raised a seven-figure amount in a seed financing round. Investors included the founders of umantis Nicole Herzog, Doodle Myke Näf and Contovista Gian Reto à Porta as well as venture capital firm btov Partners. Skribble plans to use this new funding to advance its e-signing platform and expand into Germany and other European countries.
“Until now, e-signing solutions were either legally binding and not user friendly or they were effortless but not binding in law. Skribble combines the two advantages for the first time: it is easy to use and legally binding,” said Nicole Herzog.
“I was impressed by the team: Skribble is made up of true industry experts and exceptional developers. This is a recipe for success,” said Gian Reto à Porta.
Skribble was founded in March 2018 and has its headquarters in Zurich.