# Authenteq

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/authenteq

- Industry: Software
- Headquarters: Reykjavik, Iceland
- Website: www.authenteq.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Jan 10, 2019)
- Investors on record: 4

## About

Authenteq Ltd. is a technology company that specializes in providing identity verification solutions through automated digital onboarding processes, enabling businesses to streamline their Know Your Customer (KYC) compliance efficiently.Founded in 2015, Authenteq Ltd. operates from Reykjavik, Iceland, focusing on identity verification technologies. As of January 2019, the company raised USD 5 mn in Series A funding led by Capital300, with Draper Associates participating as a returning investor. The company has successfully completed a total of 6 deals to date.Authenteq Ltd. offers a comprehensive digital onboarding platform aimed at enhancing the investor experience by integrating digital and physical interactions. The platform includes automated self-onboarding processes for end-investors, automated KYC procedures, tailored product recommendations, and e-signature capabilities, targeting individual investors, small enterprises, trusts, and financial institutions across Europe, Asia-Pacific, and North America.In 2023, Authenteq Ltd. reported zero revenue and zero EBITDA, indicating they are in the early stages of scaling their business model, which primarily relies on partnerships with financial institutions and advisory firms that utilize their onboarding platform.Authenteq Ltd. plans to leverage their recent Series A funding from January 2019 to enhance their product offerings and expand into new markets. The funding will support the development of new digital onboarding features and the expansion into untapped geographical regions, specifically targeting North America and parts of Asia by 2025.

## Funding rounds

- Series A, Jan 10, 2019, $5M — Draper, 3VC
- Seed, Nov 28, 2017, $1.3M — Draper, NAP, Initial Capital

## Investors

- Draper (https://capitalatlas.ai/funds/draper) — Seed, Series A
- NAP (https://capitalatlas.ai/funds/nap) — Seed
- Initial Capital — Seed
- 3VC (https://capitalatlas.ai/funds/3vc) — Series A