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Working with Autenti on one-click e-signature.

Autenti, a platform for approving documents and signing contracts online, will use Blockchain
technology for additional security of data and operations credibility level increase. In introduction
of technology of distributed ledger, as well as dynamic development of the company in areas of sales
and marketing, Autenti will be supported with PLN 6.3 million (EUR 1.5M) funding by Black Pearls VC and Innovation Nest.

Autenti is a platform for approving documents and signing contracts online. The unique combination of
innovative application of electronic signature, easy access to the cutting-edge technology, and legal
basis of national and European law regulations, allows entrepreneurs to escape the necessity of
signing printed agreements by hand and exchange their physical copies by the involved entities. It’s
the first solution of this kind in Poland and one of a few in Europe. In 2016, global market of electronic
signature was worth USD 631.5 million. Analysts predict that the market CAGR increase will amount to
26.4% in 2017-2025, and will reach USD 4.98 billion before the end of 2025.

–The idea of giving up paper in favour of new technologies is no longer merely a fashion among
organizations, but an urgent need. Our conversations about e-signatures in various companies finish not
with “if” but “when us?” – says Grzegorz Wójcik, Autenti CEO. –Thanks to the support of Innovation Nest
and Black Pearls VC, we have a chance to seize the right moment to significantly speed up by fulfilling
ambitious plans of foreign expansion and increasing data security level. It’s the competence, experience, and
international contacts of our partners that are crucial for the dynamic development of Autenti. – he adds.

As a lead investor, Innovation Nest allocated for development of Autenti PLN 3.3 million from the
Innovation Nest II fund, focused on support of projects developing software used in business solutions.
– The most crucial characteristics of the projects that has the largest chance to succeed is significant
influence on process effectiveness in the company. – says Marek Kapturkiewicz, partner and co-founder of
Innovation Nest fund. – Autenti certainly shows this characteristics by offering a feature which will allow to
fundamentally speed up and optimize process of signing contracts and other business documents.
Simultaneously, it is guaranteed that the signed document is the right one, and that it will never be lost.

Black Pearls VC provided PLN 3M of funding for the project basing on LQT Fund II created under the
National Research and Development Center’s BRIdge Alfa program. The strategy of LQT Fund II
assumes supporting development and commercialization of life quality technologies.
– Autenti optimizes contract conclusion process to the revolutionary degree. The project is a model solution
of Life Quality Technologies area. – says Tomasz Woźniak, Member of the Board of Black Pearls VC. – In
this area, we want to support about ten projects with significant commercial potential and Autenti
perfectly fits our strategy also in this aspect. 

Autenti had its debut on the market 3 years ago. The solution is a project of leading managers of
Internet industry in Poland, who combined their experiences from companies such as Interia, Onet,
TVN, and Allegro, with their passion and competences, to fulfil one of the most urgent needs of
business. The mastermind, Grzegorz Wójcik, long-time manager and specialist on digital media and e-
commerce, became the leader of the project. The founders team was completed by Łukasz Rzepecki
(CTO), Tomasz Plata (CMO), and Bartosz Wojciechowski (CLO). Last year, Autenti noted significant
increase of interest in the e-signature feature, which resulted in several dozen of new contracts, won
contests and tenders, and participation in the international program Google Campus Residency.