Dedoco
Singapore, Singapore
2023 Revenue
$4.9M(Est.)
Customers · 2021
40
Funding
$9.4M
Team · 2024
8
Founded
2020
Dedoco Revenue & Funding (2023)
Dedoco generated an estimated $4.9M in annual revenue in 2023. Source: GetLatka estimate
Dedoco is a Singapore-based document process management company that uses blockchain technology to enable verifiable, tamper-evident document signing and management for enterprises. The company was founded in March 2020 by Ernie Teo and Daphne Ng, wrote its first lines of code in June 2020, and officially launched its platform in July 2021.
As of late 2021, Dedoco was generating approximately $360,000 in annualized revenue, driven by a mix of credit-based brand customers and annual enterprise subscriptions averaging $100,000 each. The company had roughly 40 paying brand customers and 1,000 registered users on its SaaS platform, with early traction among Singapore government agencies, financial institutions, and property agencies.
Dedoco closed a $2 million seed round in July 2021, concurrent with its platform launch, to accelerate hiring and marketing. The 30-person team is heavily engineering-focused, with approximately 20 engineers on staff. Daphne Ng serves as CEO and Ernie Teo as co-founder and CTO.
Last updated
Dedoco Revenue
Dedoco was generating approximately $360,000 in annualized revenue as of late 2021, equivalent to roughly $30,000 per month. The figure was derived from two revenue streams: credit-based transactions from smaller brand customers and annual subscription fees from larger enterprise clients.
| Year | Milestone | Source |
|---|---|---|
| 2023 | Dedoco Hit $4.9m revenue in November 2023 | Estimated |
| 2022 | Dedoco Hit $4m revenue in May 2022 | Not recorded |
| 2021 | Dedoco Hit $1.6m revenue in July 2021 | Not recorded |
| 2020 | Launched with $0 revenue |
The company had approximately 40 paying brand customers using a credit model at a standard price of $5 per transaction. Larger brand customers used an average of about 100 credits per month, implying roughly $500 per month per larger customer, while smaller businesses averaged closer to 10 credits per month. In addition, Dedoco had two to three large enterprise clients on annual subscriptions averaging $100,000 each, contributing approximately $200,000 to $300,000 in annual contract value. The platform launched in July 2021, meaning this revenue base was built within roughly five months of commercial availability.
Profitability was not discussed in the interview. A forward revenue estimate is not produced here because no growth rate between two annual periods was stated; the company had only months of post-launch operating history at the time of the interview.
Dedoco Valuation, Funding Rounds
Dedoco has not publicly disclosed its valuation. The company has raised $9.4M in total funding to date.
Dedoco has raised $9.4M in total funding across 3 rounds, most recently a $5M Seed round in 2022.
Founder / CEO
Daphne Ng
CEO
Ernie Teo is the co-founder and CTO of Dedoco. He holds a PhD in economics and game theory, has taught at universities, and previously worked at IBM Blockchain Research. At the time of the interview in November 2021, Teo was 42 years old. He described the company's vision as making Dedoco the API layer for all verifiable document processes, drawing inspiration from Stripe's developer-first infrastructure model.
Daphne Ng is the co-founder and CEO of Dedoco. The interview was conducted with Teo; details about Ng's background were not discussed beyond her role as co-founder. Net worth for either founder was not discussed in the interview and no estimate is produced here, as no ownership percentages or valuation figures were stated.
Customers
Dedoco had approximately 40 paying brand customers and 1,000 registered users on its SaaS platform as of late 2021. Customer segments included Singapore government agencies, financial institutions, and property agencies. One financial institution customer alone had approximately 300 registered users within the organization.
Pricing operates on two models. Individual users pay $30 per month for a basic license covering document signing and blockchain-based document management. Brand and SME customers purchase credits at a standard price of $5 per transaction, with larger brands consuming roughly 100 credits per month and smaller businesses averaging around 10. Enterprise clients are offered annual subscriptions averaging $100,000, with two to three such clients on this model at the time of the interview. The platform also had approximately 1,000 free registered users on the SaaS tier.
Dedoco serves 40 customers.
Dedoco Business Model
Dedoco operates a multi-tier SaaS model. Individual users pay $30 per month for platform access. Brand and SME customers buy transaction credits at $5 each, with usage varying from roughly 10 credits per month for smaller businesses to approximately 100 per month for larger brands. Large enterprise clients pay annual subscriptions averaging $100,000, providing a more predictable revenue base.
The company's core value proposition is a decentralized document architecture: Dedoco stores document hashes on blockchain rather than the documents themselves, allowing customers to use their own document repositories. This means no third party hosts customer documents, and any holder of a signed document can verify its authenticity independently via a blockchain-linked verifier. Gross margin, churn, LTV, CAC, burn rate, and runway were not discussed in the interview.
Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.
Dedoco Employees & Team Size
Dedoco had 30 employees as of late 2021, with approximately 20 of those in engineering roles. The company cited the need to scale its team quickly as a primary reason for raising its seed round rather than bootstrapping.
Dedoco employs approximately 8 people as of 2026, down from 40 in 2023, including 3 sales reps that carry a quota. It serves 40 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 8 employees (October 2024) | Not recorded |
| 2023 | Reached 40 employees (November 2023) | Not recorded |
| 2022 | Reached 33 employees (November 2022) | Not recorded |
| 2022 | Reached 33 employees (May 2022) | Not recorded |
| 2021 | Reached 30 employees (November 2021) | Estimated |
Frequently Asked Questions about Dedoco
Is Dedoco still operating?
No. Dedoco has shut down.
What is Dedoco's revenue?
As of 2023, Dedoco generated an estimated $4.9M in annual revenue.
Who founded Dedoco?
Dedoco was founded by Daphne Ng.
When was Dedoco founded?
Dedoco was founded in 2020.
How much funding does Dedoco have?
Dedoco raised $9.4M across 3 rounds.
How many employees does Dedoco have?
As of 2024, Dedoco had 8 employees.
Where is Dedoco headquartered?
Dedoco is headquartered in Singapore, Singapore.
Compare Dedoco to the industry
See how Dedoco ranks against the best Governance, Risk & Compliance Software companies by revenue and funding.
Full Interview Transcripts
Read the full interview and its transcript.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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