# Hanko

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

- Industry: IT Security/Cybersecurity
- Headquarters: Kiel, Germany
- Website: www.hanko.io
- Latest round: Seed (Dec 9, 2020)
- Investors on record: 1

## About

Hanko GmbH, based in Germany, provides innovative biometric authentication and user management solutions for web and mobile applications, prioritizing security and user experience.Hanko GmbH specializes in biometric authentication solutions, founded in 2018 and headquartered in Kiel, Germany. The company was established by Felix Magedanz, who has a background in technology ventures. Hanko has successfully raised a total of EUR 1.50 mn, including a recent funding round in May 2023, which drew investments from High-Tech Gruenderfonds and Smart Infrastructure Ventures.Hanko specializes in providing a comprehensive authentication and user management solution tailored for web and mobile applications. Their core offerings include APIs and customizable web components that facilitate a range of authentication methods, such as passwords, passkeys, two-factor authentication (2FA), and single sign-on (SSO) capabilities. The platform aims to enhance security, streamline user experience, and drive conversion rates by offering a passwordless future while allowing for traditional authentication methods as needed. Hanko’s products are designed with flexibility in mind, enabling businesses to implement social logins and configure authentication options based on their audience’s preferences. The company serves a diverse client base across various industries, including technology startups and established enterprises, with its solutions accessible in multiple geographical markets, including the United States, Europe, and Asia.Hanko's revenue model primarily revolves around subscription-based services, where clients pay for access to its authentication solutions. These services allow businesses to integrate Hanko’s technology into their existing systems, with transactions typically structured around monthly or annual subscriptions depending on the chosen service tier. Clients may also have the option to access additional features or higher capacity plans at varying price points. The firm’s flagship offerings include the passkey API, which provides an advanced, FIDO2-certified infrastructure for passwordless authentication, and Hanko Elements, customizable web components for seamless integration into client applications. This structured approach to revenue generation ensures steady income while enabling clients to enhance their user authentication processes efficiently.Hanko GmbH is focusing on the development of new products aimed at enhancing its authentication capabilities, with additional features in the pipeline for launch later this year. The company plans to expand its operations into new markets, particularly targeting opportunities in North America and Asia by 2024. The recent funding raised in May 2023 will be allocated towards scaling these initiatives and improving product offerings.

## Funding rounds

- Seed, Dec 9, 2020 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed