The French startup Legapass, which secures the transmission of digital assets, recently raised 1 million euros in funds. Business Cool spoke with Jean-Charles Chemin, co-founder of Legapass, who enlightened us on the future projects of this startup.
Everything you need to know about Legapass
Who are you ?
My name is Jean-Charles Chemin, I am 36 years old and already have more than fifteen years of experience in the web and the world of startups. Self-taught, I obtained a computer engineering diploma in 2020. I stood out as technical director of several ambitious startups having experienced real scale-up with raisings of several million euros. I guided Qwant, the search engine, from its beginnings and brought it to the top 50 French sites by building a team of more than 60 engineers in a few years. Today, I support Livmed’s, the number 1 in medication delivery.
My various experiences have led me to work with the biggest international Tech players and have given me solid knowledge in cutting-edge fields. At the dawn of the Web3 revolution, as users regain control of their data, it has never been more volatile and often disappears with its owners. It is in light of this observation that I founded Legapass in 2021, the goal being to offer our users a means of securing the transmission of their digital assets. If, at the start, on October 18, 2021, there were 3 of us to embark on this magnificent adventure (Jean Charles Chemin, Éric Maïda and Adelina Prokhorova), there are now 15 of us and we are more motivated than ever!
What does Legapass do?
Created in Nice at the end of 2021 by Adelina Prokhorova, Eric Maïda and myself, Legapass immediately obtained the FrenchTech grant and has been marketing its offering online since April 2022. Labeled DeepTech via the PACA-Est incubator, it is a member of the National Federation of Digital Trusted Third Parties and has just joined the Allianz accelerator. The company already employs around fifteen people. Legapass allows you to secure the transmission of your digital assets. If something happens to us, it is often impossible for our heirs to regain access to our: online accounts, photos, emails, cryptos, etc. This is why Legapass offers a completely secure space to store and retransmit your confidential codes. Thanks to military-level cryptography, a disconnected safe, storage of your data in France, as well as secure retransmission under the control of a bailiff.
We have developed a new interface to appeal to our users. The goal? Make the Legapass solution easier and more pleasant to use to improve the satisfaction and loyalty of our users. From MVP (Minimum Viable Product) to MLP (Minimum Lovable Product). Last April, we launched the first version of Legapass, following feedback from our users, we were able to perfect our interface and, in October, we revealed our new interface to you! We have entered the Allianz France accelerator, it is a golden opportunity for us and we appreciate how lucky we are to benefit from such support. We announced our first fundraising. We are supported by renowned investors such as:
- Christophe Courtin, founder and CEO of the Courtin Group;
- Laurent Caredda, President at be-ys;
- Romain Vidal Co-founder & Partner of Teampact.ventures;
- Vincent Dafourd Co-founder of NFT Factory;
- Etienne Leroy, CPO & Co-founder at Avincel Group, angel investor, Techstars Boston 2018;
- And supported by the BPI French Tech Seed fund.
Subsequently, on the road to obtaining a patent of invention, we mandated a specialized firm to carry out a patentability study which revealed to us that obtaining a double patent of invention was possible. The interests are multiple since this would allow:
- deter our competitors;
- enhance our society;
- focus communication on the innovative and technical nature of our service.
Legapass fundraising
Why did you raise 1 million euros?
€1M to secure the inheritance of your passwords and cryptocurrencies! We plan to democratize Legacy 2.0 among individuals and professionals. It is a first springboard which will allow us to:
- consolidate our technology,
- validate our business model,
- establish our first strategic partnerships
- generate traction.
This fundraising will also allow us to finance our ramp-up, recruit around ten commercial profiles in the coming months and invest exponentially in Research & Development to perfect our technology and develop new services.
Why did you choose to bring these investors into your capital?
We chose to bring business angels into our capital to strengthen our equity and allow us to break into the market more quickly, but also and above all to benefit from their experience and skills.
What will Legapass look like in 5 years?
The first “Made in France” solution in Europe to secure the transmission of your 2.0 heritage!
