What is Evernym?
Evernym specializes in providing robust solutions for digital identity, cryptography, privacy, security, and management. Their expertise in verifiable credentials technology is crucial for clients seeking to ensure compliance with regulatory requirements and maintain strong data protection. The company's offerings are designed to facilitate safe travel and a wide range of digital identity management needs, positioning them as a key player in the evolving landscape of secure digital interactions.
How much funding has Evernym raised?
Evernym has raised a total of $15.6M across 4 funding rounds:
Private Equity
$6.5M
Grant
$749K
Other Financing Round
$8M
Debt
$350K
Private Equity (2016): $6.5M, investors not publicly disclosed
Grant (2017): $749K led by Department of Homeland Security
Other Financing Round (2019): $8M supported by Barclays Ventures and Medici Ventures
Debt (2020): $350K featuring PPP
Key Investors in Evernym
Barclays Ventures
Barclays Ventures, part of the global financial services giant Barclays PLC, likely focuses on strategic investments in companies that can leverage financial technology and innovation to enhance their service offerings and market reach.
Medici Ventures
Medici Ventures, a subsidiary of Overstock.com, Inc., is dedicated to investing in blockchain-based companies that aim to solve real-world problems with transparent and secure solutions, particularly in areas like identity and financial technology.
Department of Homeland Security
The Department of Homeland Security, a U.S. federal agency, supports initiatives that enhance national security, border management, and critical infrastructure protection, likely investing in technologies that bolster digital security and identity verification.
What's next for Evernym?
The substantial enterprise-level funding Evernym has attracted indicates a strong market demand for advanced identity and security solutions. This capital infusion is likely to fuel further development of their verifiable credentials platform, expansion into new markets, and strategic partnerships. The company's focus on privacy and security aligns with increasing global regulatory scrutiny and consumer demand for data protection, suggesting a trajectory of continued growth and innovation in the digital identity sector.
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