New York based provider of digital contract management solutions raised $5.5m in Series A funding led by Galaxy Digital.
Founded in 2016, Clause offers blockchain-based solutions to facilitate the creation, storage and maintenance of digital contracts for businesses. However, it also offers clients these same services independent of blockchain technology – by using existing platforms such as Stripe or PayPal. “Clause is a system that doesn’t rely on a particular blockchain,” the company’s founder and CEO, Peter Hunn, told CoinDesk, adding: “It’s blockchain-agnostic and also blockchain-independent. What we mean by that is you can run Clause without the blockchain infrastructure at all. You could just have a contract that you sign using an e-signature service that then initiates a payment through Stripe or PayPal that you connect to that agreement.”