The polish startup based in London Gatenox has raised $2.5 million in seed funding for its anti-money laundering and sanctioning solution. C3 VC Fund, A100x Ventures, and several angels participated in the round, MamStartup reports.
- Founded in 2022 by Paweł Kuskowski and Wojciech Zatorski, Gatenox focuses on improving Know-Your-Business (KYB) processes for the cryptocurrency market, offers simplification and automation of the onboarding process for companies.
“Know-Your-Business is most important today for companies operating in the cryptocurrency space. With the challenges of recent months and the coming wave of new regulations, solutions to simplify and improve corporate level authentication will be in high demand,” Theo Woik, managing partner at C3 VC Fund, comments on the investment.
- The Frankfurt-based C3 VC Fund led the investment along with A100x Ventures, an early-stage fund investing in Web3 startups. Several angels, including Matthew Niemerg and Antoni Zolciak, co-founders of Aleph Zero, also participated in the round.
- The startup claims to have already built a platform with instant onboarding for 350 million corporate customers. Its solution can also be helpful for over 30,000 regulated cryptocurrency companies and their users.
- Using the fresh funding, Gatenox will be launching its product suite in the third quarter of 2022.
