# Encap AS

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

- Industry: Software
- Headquarters: Norway
- Website: www.encapsecurity.com
- Total disclosed funding: $2.8M
- Latest round: Seed (Jun 12, 2013)
- Investors on record: 2

## About

Encap AS is a Norwegian company specializing in digital identity solutions that enhance security and streamline user authentication processes across various sectors, including banking and insurance.Founded in 2008 in Norway, Encap AS provides secure digital identity verification services. The company was acquired by AllClear ID on June 27, 2016. The CEO, Juan Hinojosa, leads its operations without any noted changes in strategic direction since its founding.Encap AS specializes in providing comprehensive digital identity solutions designed for various sectors, including banking, insurance, and gaming. Their core offerings encompass identity proofing, user authentication, electronic signing, and trust orchestration. By employing technologies such as eIDs, biometric verification, and automated Know Your Customer (KYC) and Know Your Business (KYB) workflows, Encap AS enables organizations to verify identities of individuals and businesses efficiently and securely. The platform allows for seamless integration of electronic signatures and secure login processes, optimizing compliance with regulatory requirements such as Anti-Money Laundering (AML) and data protection laws. Encap AS’s services are utilized by over 20,000 companies globally, targeting markets across Europe, with a strong presence in the Nordic region and expanding into other European territories.In the most recent fiscal year 2020, Encap AS generated revenue of USD 4,673,963, with an EBITDA of USD 1,230,272.9.Encap AS plans to expand its market presence, particularly targeting growth in the Nordic region and broader European markets. The recent Seed funding round, which raised USD 2.00 mn, will be utilized to develop new products aimed at enhancing digital identity solutions and increasing their operational capabilities. The company continues to focus on integrating advanced features into their offerings to meet evolving client needs.

## Funding rounds

- Seed, Jun 12, 2013, $2M — ProVenture
- Seed, Feb 1, 2010, $0.8M — Alliance Venture

## Investors

- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Seed
- ProVenture — Seed