Pantera invests $15 million in identity verification startup Transcripts

Blockchain-based identity verification startup Transcripts has raised a $15 million seed round from Pantera Capital and others.

According to CoinDesk on the 9th (Korean time), the round included Lightspeed Faction, Alpha Edison, Motley Fool Ventures, and existing investors Mark Cuban and Protocol Labs also participated again.

Transcripts is developing an identity data platform that individuals can own and share directly, and is currently operating primarily around employment verification services. The company recently obtained U.S. Health Insurance Portability and Accountability Act (HIPAA) certification and plans to expand into the healthcare and education sectors.

Transcripts allows users to encrypt and store employment certificates, degrees, transcripts, and the like, and directly share them with employers or institutions when needed. Personal information is encrypted off-chain, and only the hash is recorded on-chain to verify tampering.

The funds will be used to enter regulated industries such as healthcare and education and to improve real-time credential verification capabilities. The company currently has more than 4 million users and about 450 corporate customers, and recently won the Hong Kong Consensus PitchFest, receiving tokens worth $10,000 and mentoring opportunities..