Enigio raised €2.7 million from MOOR.

Enigio, a Stockholm, Sweden-based company working on a blockchain technology securing integrity of digital data, announced completing a €2.7 million ($3.2M) financing round.

The money was raised from MOOR Holding AB joined byexisting shareholders from Stockhorn Capital AB.

The investment includes an option for the same investors to inject a further €2.2 million in the first half of 2022.

Björn Yrlid, General Counsel of MOOR Holding, has joined Enigio’s Board of Directors alongside MOOR’s CEO Malin Bäcklund as a deputy board member.

Enigio, founded in 2012 by Göran Almgren and his brother Hans Almgren together with Mats Stengård, has started with the development of an e-archiving service based on the blockchain. The company now developed and operates a technology that enables mortgage lenders to digitize current debt securities.

The solution is designed to comply with current legislation and is fully aligned with UNCITRAL’s Model Law on Electronic Transferable Records (MLETR). Enigio’s trace:original has been integrated with major trade finance software providers, such as China Systems and Finastra, to enable their bank and corporate customers to create, manage and interchange digital original documents, removing the need for a central registry or central document repository. The solution is also being used in logistics for digitising key transport documents. Scanlog, a leading Scandinavian logistics company, has in 2021 started creating digital CMRs using the trace:original technology.

Enigio previously raised $2.1M in capital investment in 2018.