Evernym receives a $2 million investment from Overstock's venture arm
Overstock subsidiary Medici Ventures invested $2 million in Evernym, a company bringing digital identity solutions to blockchain networks. The investment was part of Evernym's Simple Agreement for Future Equity (SAFE), which will be transferred into preferred stock at a future date. Regarding the investment, President of Medici Ventures, and newly appointed Overstock CEO, Jonathan Johnson stated:
“Evernym is bridging the gap between the siloed approach to identity and true self-sovereign identity...Evernym’s platform allows every person, organization, and connected thing to have an independent identity … and will help advance our government-as-a-service technology stack for civilization.”
Medici Ventures' portfolio also includes other identity-focused companies Netki and FinClusive.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.