Prisidio raises $3.5 million
Prisidio , a digital vault that lets users securely store, organize, and share information in one place, announced an additional $3.5 million in Seed funding. The round was led by Chicago Ventures, with participation from prior investors OCA Ventures and Origin Ventures. With the investment, Prisidio has raised a total of $6.85 million in Seed funding.
Founded in 2020, the Prisidio platform is a digital vault that will allow users to identify and store important and disparate documents, contact information for critical people in their life, and inventories and locations of physical and digital items of value – both financial and sentimental. Prisidio will begin rolling out its product to friends and family next month and expects to launch a public beta in early 2022.
“Tracking down vital personal information and documents is time-consuming and frustrating, especially when you need to find them fast – and that’s if you can even remember where to look. Prisidio changes all of that with a centralized, secure solution for individuals and families to store, organize, and share their most important personal documents and information in order to collaborate and be prepared for whatever the future may bring. Our platform makes it easy to, for example, snap a photo of your watch or grandma’s pearl necklace, and add a video note about why the item is important to you.” – CEO Glenn Shimkus.
“A global pandemic and a never-ending series of natural disasters have taught us the importance of preparing for the unthinkable, and Prisidio helps ease the stress that comes with the chaos of locating and organizing important assets. Chicago Ventures is excited to help create a product that will help everyone at all stages of their life. We’re excited to partner with Glenn and Paul again as we believe they are world-class entrepreneurs and are working to address an important global need.” – Rob Chesney, Partner at Chicago Ventures.
In addition to Chicago Ventures leading the round, there was participation by Second Century Ventures, the venture capital arm of the National Association of REALTORS® (NAR), as a strategic investor. Prisidio is focused on helping individuals and families prepare for life’s events such as the purchase of a new home.
“Recognizing the importance of securing all the documents, assets and people that are involved in homeownership, we are thrilled to announce this strategic investment in Prisidio. I have had the great pleasure of getting to know Glenn through Cartavi, which he sold to DocuSign, as well as over the past few years during his tenure as NAR’s Vice President of Innovation. We have immense confidence in his ability to identify market trends and build high-powered teams and are excited to support this new endeavor.” – NAR CEO Bob Goldberg.
The funding will be used to continue building Prisidio’s platform and further accelerate its growth in preparation for a 2022 launch. The company also plans to double its headcount to 40 staff by the end of next year.