Sagewise, a Los Angeles, CA-based smart contract dispute resolution company, raised $1.25M in seed funding.
The round was led by Wavemaker Genesis and includes strategic investments from affiliates of Ari Paul (Blocktower Capital), Miko Matsumura (Gumi Cryptos), Youbi Capital, Maja Vujinovic (Cipher Principles), Jordan Clifford (Scalar Capital), Terrence Yang (Yang Ventures) and James Sowers.
The company intends to use the funds to launch and grow its technology platform.
Co-founded by Amy Wan, Esq., and Dan Rice, a veteran software engineering veteran and blockchain expert, Sagewise provides a software development kit (SDK) featuring the tools and infrastructure needed for the effective handling of disputes at any stage in the development and execution of smart contracts, freezing contracts in place while they are being resolved.
With the toolkit, users can mitigate variables such as the quality of smart contract coding and evolving situations via a built-in layer of smart contract monitoring, notification, freezing and dispute resolution before conflicts progress too far.