Biometrics-based blockchain voting platform raises $2.2 million
Mobile-focused election voting and citizen engagement platform Voatz has raised over $2.2 million in seed round funding led by Medici Ventures with participation from the Urban Innovation Fund and Oakhouse Partners.
Other investors in the round include Walt Winshall, Michael Dornbrook, Joe Caruso and members of the Walnut Ventures angels group. The company will use the capital to build out its business development team, expand its reach across the U.S. and accelerate the development of several new product features.
Voatz enables citizens to vote in many types of elections and voting events via a secured smartphone or tablet. The Voatz platform uses biometrics for security and blockchain technology to ensure tamper-proof recordkeeping, identity verification and auditing.
According to a company statement, several universities, labor unions, state political parties, church groups and non-profits have deployed the Voatz platform successfully for internal elections, convention voting, and other voting functions. The platform is currently accessible by invitation only and will be accessible to a wider audience in the coming weeks.
“We are deeply impressed with the entire Voatz team,” commented said Andrew Maguire, investor at Oakhouse Partners. “Their innovative approach to combining biometrics and blockchain technology achieves a dramatic improvement in voting infrastructure security.”