Singaporean document management startup Dedoco raises $3 million

Dedoco, a Singaporean Web3-focused document management platform has raised $3 million from True Global Ventures, a New York-based venture capital firm to support its global expansion.

• The funds will be used to support its SaaS services and expand into other geographies including the United States, it claims.
• Dedoco is a document-management-as-a-service (DMaaS) platform using blockchain technology to provide data privacy and document security to users.
• The firm began international expansion 12 months ago and has registered its presence in Australia, Singapore, Malaysia, and Thailand with over 150 clients gained across different sectors.
• It has now raised $7.5 million in total with this latest funding round.