Wenger Vieli: CollectID seed financing round of CHF 3.2m
collectID, a Start-up that solves the problem of counterfeited products and creates a gateway for physical products to the Metaverse/Web3 through a combination of encrypted NFC tags and secure, immutable NFT’s, has just closed its seed financing round of CHF 3.2 Million.
The seed round was led by SeventySix Capital (Pennsylvania/USA) and Hellen’s Rock (Vienna/Austria), with additional funding coming from the SBI-Sygnum-Azimut DAO Fund (Switzerland & Singapore), and several other Swiss-based investors. collectID will leverage the new funds to scale-up its SaaS and App based solution and data platform worldwide.
“The funding we’ve received will accelerate collectID’s growth with an initial focus on Europe and North America in the segments of sports tech and luxury goods,” commented Reinhard Stary, collectID’s Chairman of the board of directors.
Partner Michael Baier (venture capital / m&a, pictured) and associate Dominique Mattmann (venture capital / m&a) from the Wenger Vieli Start-up Desk have advised collectID in all legal matters.
