Egypt-based blockchain email service provider Pravica raises USD 500k pre-seed funding round

STARTUP WATCH- Egypt-based blockchain email service provider Pravica has raised a USD 500k pre-seed funding round led by 500 Startups, Magnitt reports. Modus Capital and Dyres Ventures also participated in the round. Pravica, which was originally named Dmails, plans to use the funding to grow its team and expand its product “by developing additional private communication tools.” The expansion is geared towards growing its customer base. Founded in 2019, the email service provider uses a decentralized blockchain network to ensure its users’ data privacy and security.