# Crayonic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crayonic-b-v

- Industry: Hardware
- Headquarters: Eindhoven, Netherlands
- Website: www.crayonic.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Dec 3, 2020)
- Investors on record: 2

## About

Crayonic B.V. develops secure digital identity solutions to enable passwordless authentication, enhancing user experience for enterprises, healthcare, and government sectors.Founded in 2015, Crayonic B.V. is located in Eindhoven, Netherlands, specializing in digital identity solutions. The company was co-founded by Peter Kolarov, who leads as CEO. Crayonic has successfully closed 3 funding deals, with their latest funding round being a Seed round where they raised USD 1.3 mn from SOSV on December 3, 2020, which constitutes their total amount raised.Crayonic specializes in secure digital identity products designed to facilitate passwordless authentication and enhance user experience across various sectors, including enterprises, healthcare providers, and government entities. Their flagship offering, Crayonic KeyVault™, provides a robust multi-factor authentication (MFA) solution that integrates biometric verification and certified digital signing to streamline secure access for users. Additionally, the Crayonic Badge™ delivers a smart badge solution tailored for healthcare environments, ensuring rapid authentication in high-paced settings. These products are positioned to address critical use cases related to security, user privacy, and operational efficiency, particularly in North America and Europe where the demand for secure digital identity solutions is on the rise. Crayonic's clientele includes organizations that prioritize compliance with stringent identity verification standards and seek to enhance overall user experience by eliminating traditional password usage.Crayonic operates on a revenue model that includes subscription-based services, partnerships with enterprise clients, and direct sales of their proprietary products. The company generates revenue through the provision of its KeyVault™ and Badge™ solutions, which are typically offered as part of a bundled service or subscription plan tailored to the specific needs of organizations. Clients engage in transactions that may involve licensing fees for the software, ongoing support, and potential integration services, contributing to a steady revenue stream. The pricing structure is designed to accommodate both large enterprises and smaller organizations, ensuring accessibility while maintaining a focus on high-security standards. Through these mechanisms, Crayonic effectively serves its client base while reinforcing its position in the competitive landscape of secure digital identity solutions.Crayonic plans to leverage its recent Seed funding of USD 1.3 mn raised on December 3, 2020, to accelerate the development of new products, including enhancements to their KeyVault™ and Badge™ solutions. The company aims to expand into North American and European markets by 2022, targeting organizations with stringent identity verification needs. The funding will support product innovation and market entry initiatives, allowing Crayonic to strengthen its presence in the secure digital identity landscape.

## Funding rounds

- Seed, Dec 3, 2020, $1.3M — SOSV
- Seed, Nov 2, 2020 — SOSV, dlab
- Seed, Oct 23, 2019, $0.3M — SOSV, dlab

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- dlab (https://capitalatlas.ai/funds/dlab) — Seed