The Zurich-based start-up Skribble has raised a seven-figure sum in Swiss francs as part of a financing round, as outlined in a press release. The round was led by the Helvetia Venture Fund. In addition, die Mobiliar, the Cantonal Bank of Zurich and the venture capital fund btov Partners have all invested in the start-up. The latter two investors were also present during a previous round of financing back in May 2019.
Skribble offers a solution for electronic signatures. Philipp Dick, Co-Founder and CEO of Skribble, has explained in a previous press release that the start-up works on the basis of the Qualified Electronic Signature (QES) standard, which is the only form of e-signature afforded equal legal footing with a handwritten signature. Skribble intends to use this fresh capital injection to expand into Germany as well as additional European markets.
In order to sign documents electronically, users require a digital ID card. It is only in this way that a signature can be clearly assigned to a specific person, Dick explains. For this reason, Skribble is integrating several e-Ids in its service. These include the SwissID offered by the SwissSign Group, whose founding partners also include die Mobiliar.
Die Mobiliar is also planning to integrate the Skribble solution by the fall. Helvetia has done this already, with customers of the insurance group now able, for example, to use the start-up’s solution to electronically sign occupational benefit plans.