Prisidio Raises $3.3 Million Seed Round to Help People Safely Secure Their Most Important Personal Documents and Information Online
By: Lion & Orb
Prisidio is a private and secure cloud vault where people can centrally collect, store, organize, and share critical personal information, accessible only by close family members and trusted advisors. Information stored on Prisidio may include wills and trusts, legal agreements, health records, property and financial holdings, and other vital documents.
More than just a digital safety deposit box, Prisidio provides intelligent assistance to guide people through the process of identifying, documenting, and managing their physical and digital assets, as well as keeping those assets up to date. The platform gets people's lives organized and affairs in order for retirement, business ventures, estate planning, or any unforeseen life events.
The company's co-founders, Glenn Shimkus, CEO, and Paul Koziarz, CMO, have decades of digital document and workflow technology experience, having sold their prior startup, Cartavi, to DocuSign in 2013. Following the acquisition, they remained at DocuSign to help its successful expansion beyond e-signatures to the Agreement Cloud.
"We store our most vital information in myriad locations, so when we need critical information, we often struggle to find it," said Glenn Shimkus, CEO and co-founder. "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."
Today, most consumers' critical and sensitive information is spread across multiple physical and digital locations. People write in paper notebooks, save PDFs on hard drives, send countless emails updating key information, or, worse, don't have critical information inventoried and organized at all. With Prisidio, users have a highly-secure centralized location to organize and manage their vital information, such as key contacts, estate documents, or medical directives, and can share that information with those they trust—now or in the future.
"The market for identifying and organizing important personal information is ripe for disruption,"
"Consumers can quickly highlight leading companies that can file their taxes or make a restaurant reservation, but there is no leading brand focused on safeguarding vital documents and information for families," said Jason Heltzer, Managing Partner at Origin Ventures. "Yet there is a big need, in that less than 40 percent of US adults have a will, and Gen Xers aren't going to a brick-and-mortar bank to put paper into a safety deposit box. I look forward to working with Glenn and Paul again to help build the dominant brand in the space."
Prisidio will use the investment to build out its leadership, technical, and marketing teams, drawing on the Chicago roots of its founding team as it expands its company and product.
Prisidio is a secure online vault for consumers to store their most important documents and information. Its cloud-based platform allows users to store, organize, manage, and share key documents and information with their family and advisors in one secure and easy-to-access digital location. Prisidio is led by two document management veterans, Glenn Shimkus and Paul Koziarz, who together founded and built real estate document management software company Cartavi, which was acquired by DocuSign ($DOCU) in 2013. For information about Prisidio, visit prisid.io
About Origin Ventures:
Origin Ventures is an early-stage venture capital firm founded in 1999 that invests in high-growth technology companies creating software and marketplaces for the "Digital Native Economy." Origin Ventures was an early investor in Grubhub, Cameo, BacklotCars, Tovala, Tock, 15Five, and other market leaders. The investment team are all former operators and engineers with an average of 15 years of venture investing experience, with experience at Google, Twitter, SAP, and Metromile, among others. Origin's offices in Chicago and Salt Lake City provide access to "between the coasts" investment opportunities in the U.S. and Canada. Learn more at www.originventures.com.
About OCA Ventures:
OCA Ventures is an early stage (Seed, Series A, and Series B) venture capital firm focused on equity investments in companies with dramatic growth potential, primarily in technology and highly-scalable businesses. OCA invests in many industries, with a preference for technology, financial services and healthcare technology. Founded in 1999, the firm is investing out of its fourth fund in companies across the United States with offices in Chicago and Palo Alto. Learn more at www.ocaventures.com.