Pravica raises US$500,000 in 500 Startups led funding round

Pravica, based in Egypt, has raised US$500,000 from a 500 Startups led seed-funding round. Pravica is a blockchain email service provider that was established in April 2019 by Mohamed Hussein Abdou. The blockchain email service provider will guarantee full data privacy and the funding raised will be used to expand the team and grow client base.

500 Startups is a venture capital firm that backs the world’s most talented entrepreneurs and is one of the most active venture capital firms in the world. Since its inception in Silicon Valley, 500 Startups has invested in over 2,400 companies via its 5 global funds and 17 thematic funds dedicated to either specific geographic markets or verticals. Its 100+ team members are located in 20 countries around the world in order to support the 500 Startups global portfolio of investments in more than 75 countries. Notable investments in the 500 portfolio include Credit Karma, Twilio, Canva, Grab, Bukalapak, The RealReal, Talkdesk, Knotel, Udemy, and Ipsy.

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