Spherity, a pioneer in decentralised identity management software, has secured €2.5 million from an investment consortium of new and existing investors led by Blockwall, one of Germany’s leading Web3 VCs. Blockwall joins as lead investor in Spherity’s latest funding round, supporting the company’s Go-to-Market of its secure and trusted business and supply chain SaaS solutions. Their support strengthens our ability to provide secure and efficient identity management services and market them globally.” A central initiative is to grow Spherity’s US presence to further strengthen and expand Spherity’s position in the US pharmaceutical market supporting and enabling the industry’s compliance with the Drug Supply Chain Security Act (DSCSA). Founded in 2017, Spherity provides enterprise identity and EUDi wallet solutions for Know Your Customer (KYC) and Know Your Supplier (KYS) process automation. This investment reflects our confidence in Spherity’s leadership team and the transformative impact of their solutions on industries.”