# Authologic sp. z o.o.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/authologic-sp-z-o-o

- Industry: IT Security/Cybersecurity
- Headquarters: Warsaw, Poland
- Website: www.authologic.com
- Total disclosed funding: $8M
- Latest round: Series A (Apr 10, 2024)
- Investors on record: 6

## About

Based in Poland, Authologic is a technology company that specializes in identity verification solutions, offering a global e-ID Hub that integrates various digital IDs into business systems securely and efficiently.Authologic was founded in 2020 in Warsaw, Poland, focusing on advanced identity verification technologies. The company was co-founded by Krzysztof Klimczak and Marek Rogozinski, with Krzysztof Klimczak serving as the current CEO. Authologic has completed two deals, with its latest funding round being a Series A in April 2024, where it raised USD 8.045 mn led by OpenOcean, alongside participation from Y Combinator, SMOK Ventures, and Peak Capital. The total amount raised by the firm is USD 8.045 mn, and its current valuation stands at USD 34.117 mn.Authologic specializes in providing a comprehensive identity verification solution through its full-stack global e-ID Hub. The company's core offering is a single API that enables businesses to integrate government-issued digital IDs, identity wallets, BankIDs, and other e-IDs seamlessly into their existing systems. This solution streamlines online identity verification processes, making them efficient, secure, and fast by utilizing digital identity wallets that can be stored in popular applications such as Apple Wallet and Google Wallet. Authologic's technology addresses critical use cases in sectors like financial services, sports betting, and e-commerce, where accurate and reliable identity verification is essential. The company serves a diverse client base, which includes banks, online retailers, and service providers across Europe, North America, and select markets in Asia, ensuring compliance with evolving digital identity regulations mandated by the EU and other governing bodies.Authologic generated revenue of USD 336,826.50 in 2023, with an EBITDA of USD 84,156 in the same year. The company operates on a subscription-based model, offering tiered pricing plans that cater to varying client needs, allowing businesses to select packages based on transaction volume and specific requirements like document OCR and liveness checks. Clients typically subscribe to enhance their Know Your Customer (KYC) processes, improving onboarding efficiency. The integration of Authologic's technologies is designed for quick user adoption, yielding immediate ROI by reducing errors and improving conversion rates. Notably, the company’s flagship services focus on digital ID verification capabilities, crucial for compliance in a rapidly changing regulatory landscape.In April 2024, Authologic sp. z o.o. raised USD 8.04 mn in Series A funding, led by OpenOcean, with participation from Y Combinator, SMOK Ventures, and Peak Capital. The company plans to utilize this funding to expand operations and international offerings. Authologic is designing new products to enhance its identity verification solutions, aiming to penetrate additional markets in Europe and Asia by the end of 2025.

## Funding rounds

- Series A, Apr 10, 2024, $8M — OpenOcean, Y Combinator, SMOK Ventures, Peak Capital
- Seed, May 1, 2021 — 7percent Ventures, Gaingels

## Investors

- 7percent Ventures (https://capitalatlas.ai/funds/7percent-ventures) — Seed
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- OpenOcean (https://capitalatlas.ai/funds/openocean) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- SMOK Ventures (https://capitalatlas.ai/funds/smok-ventures) — Series A
- Peak Capital (https://capitalatlas.ai/funds/peak-capital) — Series A