Cairo-based Pravica has raised US$500,00 in pre-seed funding round, led by 500 Startups, with the participation of Modus Capital and DYRES Venture.
The company was founded in April 2019 as a blockchain-based startup that offers a decentralised email service that will give users high-security standards for corporates communicating via emails and other communication tools
The company will use the investment to build its customer base. And expand its team and develop additional private communication tools to further expand its offering with several value-added options and grow our footprint.
“As the first Blockchain Email Service Provider in the MENA at Pravica, our strategy is to guarantee the user, full data privacy. Developing a decentralised network on Blockchain was my passion. And I have been able to successfully make that dream come true. Today, Blockstack has enabled us to rapidly expand our client base in a very short period of time. Which has helped us scale to the next level with a solid and scalable Blockchain-based infrastructure. With the new funding, we hope to further expand our offering with several value-added options and grow our footprint.” said Mohamed Hussein Abdou, founder and CEO of Pravica.
“Running email systems on blockchain technology like that of Pravica is becoming increasingly imperative to ensure data privacy and security. The team is working to deepen its platform capabilities. We look forward to supporting them as they cement their position as leaders in this Blockchain space,” said Sharif El-Badawi, managing partner at 500 Startups MENA.