In addition to closing their USD $4.8m funding round, Australia-based startup Fable Food uses Digify to keep their manufacturing know-how safe.
Fable Food is a mushroom-based meat alternative company founded in 2019 in Australia. The company aims to provide delicious, clean, and responsibly crafted mushroom products as a step towards ending industrial animal agriculture.
In August 2021, Fable Food raised USD $4.8 million in seed funding as it looks to expand its production globally.
Information leaks could happen if confidential documents are sent via email. Fable Food sought a solution to secure important information they send to investors, and to manufacturing teams.
Unauthorized access to confidential documents can affect Fable Food negatively. Hence, it is important for Fable Food to always stay in control of sensitive files.
Conduct investor due diligence
with data rooms
Fable Food uses Digify’s data rooms for investors to conduct due diligence safely. To better gauge the interest of their investors, they can see which document has been opened, by whom, and for how long with Digify’s document tracking features.
Secure investor updates with document security
Fable Food uses Digify to send updates to investors securely. For added security, Fable Food would enable Digify’s Terms of Access feature. That way, all recipients must agree to Fable Food’s personalized NDAs before accessing any confidential documents.
Secure manufacturing process intellectual property
Fable Food could send manufacturing processes with manufacturing teams without worrying about leaks. Digify’s dynamic watermarks and Screen Shield greatly reduces risks of unauthorized sending and helps keep intellectual property safe.
Fable Food successfully uses Digify’s data rooms for investors to conduct due diligence and review confidential documents, closing USD $4.8 million in seed round funding. Moving forward, Fable Food intends to use Digify to prevent leaks of important information.
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