# Indicio, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/indicio-pbc

- Industry: Software
- Headquarters: Seattle, US
- Website: www.indicio.tech/
- Total disclosed funding: $3.6M
- Latest round: Seed (Jan 21, 2022)
- Investors on record: 9

## About

Based in Washington, US, and founded in 2020 by its CEO Heather Dahl and co-founders Helen Garneau and Trevor Butterworth, Indicio, PBC develops a digital ecosystem that provides companies with the software and infrastructure needed to authenticate and exchange high-value information. In November 2025, Indicio, PBC raised an undisclosed amount in venture captail from NEC X, Inc.

Indicio, PBC builds integrated products, provides hosted services, and maintains the Indicio Network, a Hyperledger Indy-based network to provide the software and infrastructure to issue, share, and verify data through an ecosystem of encrypted digital credentials. These verifiable digital credentials allow companies to confirm the origin and authenticity of any kind of data repeatedly without the expense or risk of direct integrations.

The organization plans to use the November 2025 funding to create a new form of digital ID that combines convenience with privacy protection through business synergies.

## Funding rounds

- Seed, Jan 21, 2022, $3.6M — Alliance of Angels, SWAN Venture Fund, Hard Yaka, Angel Investment Trust, Anthony and Marilyn Henn Trust, Breakaway Partners OU, Liquid Avatar Technologies Inc., SWAN Venture Group, NuFund Venture Group

## Investors

- Alliance of Angels (https://capitalatlas.ai/funds/alliance-of-angels) — Seed
- SWAN Venture Fund (https://capitalatlas.ai/funds/swan-venture-fund) — Seed
- Hard Yaka (https://capitalatlas.ai/funds/hard-yaka) — Seed
- Angel Investment Trust — Seed
- Anthony and Marilyn Henn Trust — Seed
- Breakaway Partners OU — Seed
- Liquid Avatar Technologies Inc. — Seed
- SWAN Venture Group (https://capitalatlas.ai/funds/swan-venture-group) — Seed
- NuFund Venture Group (https://capitalatlas.ai/funds/nufund-venture-group) — Seed