Dedoco, a Singapore-based provider of digital DMaaS (Document Management as-a-Service) that is built on blockchain technology, raised USD3M in funding.
The round was led by True Global Ventures 4 Plus Fund.
The company plans to use the funds for growth and expansion.
Dedoco was founded in 2020 by Daphne Ng, Dr Ernie Teo and is a digital DMaaS platform (document management-as-a-service) that uses blockchain technology. It focuses on data security and privacy and provides customers from a variety of industries with connected, trusted documents.
The company has been expanding internationally over the past 12 months. It is now present in Australia, Singapore and Malaysia and plans to expand into the US this year. The company’s current clients and associates include over 150 from government, banks and financial institutions as well as professional services and technology platforms. These include the Government Technology Agency of Singapore (ERA Real Estate), Nexia TS, and other accounting firms. In Singapore, the platform also offers “Sign with SingPass” digital signing service as an option for organizations that require trusted digital identity with secure signing such as for Know-Your-Customer (KYC) processes.