Pithia
1411 4th Ave, Suite 1000, Seattle, WA, 98101, United States
Overview
We believe that blockchain technology is ushering in a new era. It will shift the paradigm of trust for consumers and businesses allowing them to retain control of their personal data and it will rewrite how we share, store, and secure information. The blockchain industry will see significant growth in the next two years, and will reach an estimated $8 billion in market value by 2024. Pithia stands to be at the forefront with investments in companies that will lay the groundwork for this technical evolution.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Investment portfolio
- Lucidity
Participated · Equity · Aug 2018
Lucidity operates a digital advertising blockchain protocol and a Layer 2 sidechain infrastructure designed to handle high processing speeds and privacy needs of programmatic advertising. Its core product aims to mitigate fraud, enable trusted transactions, and maximize ROI for advertisers and publishers. The company is developing multi- and cross-chain solutions to support Ethereum, RChain and other networks. Lucidity intends to use new funding to expand its team and continue Layer 2 development. It has secured a variety of customers and pilot partners, including GameStop, Viamedia, The Richards Group and Giant Spoon. The company is led by CEO Sam Kim and is based in Los Angeles, CA.
- DigitalTown
Led · Equity · May 2018
DigitalTown operates a blockchain-enabled platform that offers online storefronts to local businesses, enabling digital purchases without fees. The company licenses its platform to cities and also earns commissions from businesses that transact on the platform. DigitalTown says it works with more than 22,000 cities and municipalities and lists customers in Austin, San Antonio, Dallas, Miami, London, and Nashville. The company relaunched in 2016 after originally launching in 2005 and going public in 2007, and it currently has a 34-person team. DigitalTown has introduced a blockchain-based token called CityShares as part of its product vision. The company positions itself as a local alternative to large platforms like Google, Expedia, or Airbnb and aims to build sovereign, connected community economies.
- Trusted Key
Participated · Seed · May 2018
Trusted Key Solutions provides a blockchain- and mobile-based digital identity platform that enables identity proofing, reusable digital identities, password-less login, and transaction authorization for enterprises and consumers. The platform is blockchain-portable, can be customized and deployed on various blockchains, and integrates with existing applications. Trusted Key demonstrated a pilot with healthcare consortium NH-ISAC for a mobile HealthID application that could reach more than 150 million U.S. consumers. The company emphasizes privacy-preserving verification to reduce enrollment friction and prevent identity fraud for highly regulated enterprises. Founded in 2016 by former executives from Microsoft, Oracle and Symantec and based in Seattle, Trusted Key is venture-backed and is positioning its product to meet growing enterprise demand. The company recently raised funding to accelerate innovation and business expansion.
Team
Navneet Suman
co-Founder, Managing Director