Passport Systems
Latest round
- Series C
Last raised
- Jan 2008
Total raised
- $23M
Investors
- 3
About Passport Systems
Passport Systems Inc.Founded in 2002 in Billerica, US, Passport Systems Inc. provides advanced identity verification solutions.640 mn.Passport Systems specializes in providing advanced solutions designed to enhance the efficiency of passport and identity verification processes. Their core product offerings include state-of-the-art biometric identification systems tailored for government agencies, border control, and immigration services. These products are specifically engineered to improve security and streamline the verification process, addressing key challenges such as fraud prevention and expedited processing times. The company targets a diverse client base, including federal and state government entities, as well as private sector organizations involved in travel and identification services.The revenue model for Passport Systems is primarily structured around direct sales to government and enterprise clients who seek robust identity verification solutions. Transactions typically involve upfront payments for hardware and software systems, alongside any necessary installation and training services. Clients may also engage in ongoing maintenance agreements which provide recurring revenue streams through service contracts. The company's flagship products are positioned in the B2B marketplace, where clients benefit from tailored pricing plans based on specific needs and the scale of implementation.638 mn, Passport Systems Inc. is focused on expanding its product line with new biometric solutions slated for launch in upcoming years. The company is targeting expansion in Europe and select Asian markets by 2025, aiming to enhance their presence in regions with increasing demands for advanced identity verification technologies.
Who invested in Passport Systems
3 investors across 4 rounds
See all investors in Passport Systems
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Passport Systems
Who invested in Passport Systems?
Passport Systems has 3 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Passport Systems raised?
Passport Systems has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Passport Systems last raise money?
Passport Systems's most recent round on record is a Series C, in Jan 2008.
What does Passport Systems do?
Passport Systems is a software company.
Where is Passport Systems headquartered?
Passport Systems is headquartered in Billerica, US.
Which VCs invest in companies like Passport Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Passport Systems's stage. Their profiles are linked below.
VCs backing software startups at Series C
Raising like Passport Systems? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.