What is Incode?
Incode Technologies is at the forefront of the trust industry, developing proprietary technology for identity verification and authentication. Their AI-powered platform addresses critical needs such as Know Your Customer (KYC), Know Your Business (KYB), Age Verification, passwordless authentication, and Anti-Money Laundering (AML) checks. By offering a fully automated solution, Incode aims to reduce fraud and enhance conversion rates while upholding the highest standards of privacy and safety. The company serves a diverse range of sectors including Financial Services, Gaming, Hospitality, Government, and Entertainment, providing a unified identity solution for seamless user experiences and robust security.
How much funding has Incode raised?
Incode has raised a total of $255M across 3 funding rounds:
Angel/Seed
$10M
Series A
$25M
Series B
$220M
Angel/Seed (2019): $10M with participation from Undisclosed
Series A (2021): $25M led by 3L Capital, Framework Ventures, DN Capital, DILA Capital, FJ Labs, and Walter Ventures
Series B (2021): $220M supported by SoftBank and General Atlantic
Key Investors in Incode
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
SoftBank
SoftBank is a multinational conglomerate holding company that invests in a wide range of technology and internet-related businesses. Known for its significant venture capital investments, SoftBank often backs companies with disruptive potential and global ambitions, particularly in the technology and telecommunications sectors.
DN Capital
DN Capital is a global early-stage venture capital firm founded in 2000, with offices in London, Berlin, and San Francisco. The firm focuses on investing in Seed, Series A, and select Series B opportunities across four key sectors: Software, AI, Fintech, and Consumer Internet. With a strong commitment to supporting entrepreneurs, DN Capital leverages its extensive global network and financial expertise to help portfolio companies grow.
What's next for Incode?
With substantial enterprise-level funding and a recent major strategic investment, Incode is well-positioned for accelerated global expansion and further technological innovation. The company's focus on a 'One Identity Everywhere' vision suggests a strategic push to integrate its solutions across a wider array of digital platforms and services. Future developments are likely to involve enhancing its AI capabilities, expanding its market reach into new verticals, and forging strategic partnerships with leading global brands to redefine trust in the digital age. The consistent backing from prominent investors signals strong confidence in Incode's business model and its potential to lead the identity verification market.
See full Incode company page
