# Astrachain

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astrachain

- Industry: Software
- Headquarters: Paris, France
- Website: www.astrachain.com
- Total disclosed funding: $1.4M
- Latest round: Series A (Nov 10, 2021)
- Investors on record: 1

## About

Based in France, Astrachain provides decentralized solutions for sensitive data management, focusing on secure data storage and collaboration tools for businesses.Astrachain, founded in 2021 in Paris, France, specializes in decentralized data management solutions. The firm has completed three deals, with the most recent funding round occurring on June 2, 2023, securing EUR 4.085 mn in Seed funding, which brings the total amount raised to EUR 4.085 mn and a company valuation of EUR 15.961 mn. The company was co-founded by Gilles Seghaier, Yahya Jarraya, and Yosra Jarraya, with Alberto Berrum and Camille Nain serving as CEO and key team members.Astrachain specializes in providing comprehensive solutions for sensitive data management through its flagship product, SPLiT. The core offerings include secure data storage, collaboration around documents, secure document sharing, and the creation of secure data rooms. These services are designed to address critical end-use cases such as protecting sensitive information, facilitating secure collaboration among teams, and ensuring compliance with data protection regulations. Astrachain primarily serves businesses ranging from startups to large enterprises across various sectors, including finance, healthcare, and legal. While the company is based in France, its products are marketed to clients in multiple geographical regions, including Europe and North America, where there is a heightened focus on data security and compliance.Astrachain’s revenue model is based on subscription services that allow clients to access and utilize its sensitive data management solutions. The transactions typically involve businesses entering into service agreements that outline the terms of use, including duration, fees, and service levels. Customers may subscribe to specific data management packages that cater to their organizational needs, which can include varying levels of access to features such as secure data rooms and collaboration tools. Pricing plans are structured to accommodate a range of business sizes, from small operations to large enterprises, ensuring that Astrachain’s offerings are accessible and scalable. This structure allows the company to maintain a diverse client base while providing tailored solutions that meet the unique requirements of each segment.In June 2023, Astrachain raised EUR 4.09 mn in Seed funding from unspecified investors. The company plans to utilize this funding to enhance its product offerings and expand into new markets. Future products are under development, with a focus on launching additional features for SPLiT by the end of 2024. Astrachain aims to penetrate the North American market further, targeting a strategy for expansion there by mid-2025, with a keen focus on enhancing data security solutions.

## Funding rounds

- Series A, Nov 10, 2021, $1.4M — Newfund

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Series A