Your parents may have had a safe filled with your birth certificate, the deed to their house and other important documents, but nowadays important documents are increasingly digital. That doesn’t mean they shouldn’t still be protected though. It just means that they have to be secured by other means.
Chicago-based startup Prisidio was founded in 2020 to provide that secure online document storage solution. Now it’s ready for the next step thanks to new funding.
On Wednesday, the company announced that it raised $3.3 million in its seed funding round led by OCA Ventures and Origin Ventures.
Prisidio has designed cloud-based software that allows people to store, organize and manage important digital documents and information. The platform also allows people to securely share these documents with family or trusted individuals. The company says that it can help store and manage items like wills, trusts, legal agreements, health records, property and financial holdings and so on, and help keep these documents organized in case they are needed for business dealings or unseen life events.
The company was founded by entrepreneurs Glenn Shimkus and Paul Koziarz who both have experience working in the online document management space. The two co-founders previously led Cartavi, which was acquired by DocuSign in 2013.
With Prisidio, the two co-founders hope to move away from the traditional method of storing important documents in a bank safety deposit box, and provide a more secure alternative for the digital age.
This new funding will help get Prisidio up and running. The company plans to use the investment to help build its leadership, technical and marketing teams. It aims to draw on “the Chicago roots of its founding team” as it expands its team and product.
“We store our most vital information in myriad locations, so when we need critical information, we often struggle to find it,” Shimkus, the company’s CEO, said in a statement. “Even worse, if something were to happen to us suddenly, a risk the global pandemic has made quite real, our loved ones are left to search for the proverbial needle in a haystack. Prisidio provides families with security, convenience, and, ultimately, peace of mind, knowing they are prepared for whatever life may bring their way.”