IDnow, the leading provider of identification and eSigning solutions in Europe, has secured several million Euros in funding from Seventure, BayBG Bayerische Beteiligungsgesellschaft, and business angels as part of a Series A financing round. The funds will be used for the European expansion and the further development of the identification and eSigning platform.
“In this financing round, we have won an experienced European investor with Seventure, who provides optimal financial and strategic support for our expansion strategy . For many industries such as the financial sector, healthcare or government, digital identity and the automation of business processes are still in its infancy in Europe and offer an enormous market potential.” Sebastian Bärhold, co-founder and managing director of IDnow.
(Source: Seventure)
