Yptokey secures capital funding from IBB Ventures and Totara Investment Club
Summary
Yptokey, a Berlin, Germany-based SAAS developer of a white label mobile security solution, announced that it secured a capital funding raise. The money was raised from German investors including Totara Investment Club and IBB Ventures. The investment is intended to enable the expansion of the team, further product development and ambitious growth plans. Yptokey, founded in 2018 as a spinoff from the automotive supplier Hella by Tobias Rasche and Nikolay Manchovski, provides a software solution for mobile access based on decentralized technology. By this, smartphones can be enabled to authorize in front of assets, e.g. for opening a building door or a car.
Funding
Amount
-
Total raised
Date
February 16, 2021
Announcement date
Investors
IBB Ventures
Lead investors
Company
http://www.yptokey.com/
Funded company
Classifications
industries
No industries detected
applications
Security
AskAI Classifications
Labels
No AI classifications detected