Authenteq raised $1.3M from Cavalry Ventures, Draper & Associates and Initial Capital.

Funding Rounds

▤ Summary

Authenteq, founded in 2015 by Kari Thor Runarsson, Adam H. Martin and Runar Karlsson, is working on distributing a blockchain based digital biometric ID to all internet users. The company had started initially by developing an app that took photos that couldn’t be altered and later pivoted after being part of Startup Reykjavik, deciding to build on the tamperproof core they had created. The current product takes two pictures – one of the user, and another of the user’s government issue ID – and compares them to issue an Authenteq ID that people use to prove their identity. With Authenteq ID marketplaces increase trust and transparency in communications and transactions between users. Authenteq works on just about any type of marketplace, website or online community and can be installed either with APIs or by using a plugin.

$ Funding

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Amount $1.3M Total raised
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Date November 28, 2017 Announcement date
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Investors Cavalry Ventures, Draper Associates, Initial Capital Lead investors
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Company http://www.authenteq.com Funded company

▥ Classifications

industries
No industries detected
applications
Data Management

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▦ Linked Companies

Authenteq
$500M to $1B