Qonsent, a NYC-based data privacy enablement and consent value exchange platform built for consumers and brands, raised $5m in seed funding.
The round was by Zekavat Investment Group, Gary Vaynerchuk, Michael Kassan, Tom Chavez, Crosscut Ventures, Brand New Matter, Marc DeBevoise, Lunch Partners, and other top tier investors.
The company intends to use the funds to further develop and scale its data privacy and consent solution.
Co-founded by Jesse Redniss, CEO, Stephano Kim, President, Will Lowry, CTO, Seth Redniss, Chief Legal Counsel and Chairwoman Andrea Redniss, Qonsent builds tools that enable consumers to manage and control their personal information as they interact with companies that want to use that data. The services offered by the company encompass both B2B services and consumer-facing solutions, including Qonsent-in API embed creator, SmartQontract, near real-time ID validation and match linking, a resolution manager, and a Qonsent consumer wallet.
The company provides consumers with complete insight into how brands collect, use, and store their personal information based on clear value exchange. The solution also enables brands, advertisers, and publishers to retool their approach and build consumer trust as well as provide a better customer experience. The solution works wherever brands engage their consumers, including via distributed consent UI/UX products that are integrated into existing privacy enablement and marketing technology offerings.