On August 4, 2022, Qui Identity announced the completion of its $6.5 million financing round. Qui Identity is still in the early stages and is focused on developing a product that will accelerate the adoption of decentralized identity. The goal is to work with both consumers and businesses to make it easier and give them more control over how they share their digital information. This financing round, led by Round13 Digital Asset Fund, will help the company figure out what that product will be and add a modest team to make that happen.
Qui Identity is a company focused on decentralized identities, founded by Kirk Simpson, former Wave CEO, and Peter Carrescia, an early Wave investor and founding member of OMERS Ventures.
Osler, Hoskin & Harcourt LLP advised Qui Identity with a team consisting of Chad Bayne, Ferial Fekri and Spencer Green (Emerging and High Growth Companies).