# Signicat AS

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

- Industry: Software
- Headquarters: Trondheim, Norway
- Website: www.signicat.com
- Total disclosed funding: $3.4M
- Latest round: Series B (Jul 16, 2016)
- Investors on record: 2

## About

Signicat AS specializes in providing digital identity solutions that enhance trust in online transactions. Their offerings include identity proofing, authentication, and secure electronic signing services.Founded in 2007 in Trondheim, Norway, Signicat AS focuses on digital identity services that facilitate secure user interactions. The company underwent a strategic acquisition in April 2019, where Nordic Capital and Viking Venture acquired a majority stake from EASME and Secure Identity Holding. The firm has completed 7 deals to date. The current CEOs are Asger Hattel and Gunnar Nordseth. Signicat has raised a total of EUR 1.40 mn, with the latest funding round, a Grant of EUR 1.60 mn led by Horizon 2020, occurring on April 11, 2019.Signicat offers a comprehensive suite of digital identity solutions aimed at enhancing trust in the digital landscape. Their core product offerings include identity proofing, authentication, electronic signing, and trust orchestration, which collectively facilitate secure user onboarding, management of access rights, and compliance with regulatory frameworks such as KYC (Know Your Customer) and AML (Anti-Money Laundering). These solutions leverage advanced technologies like biometric verification and eIDs to verify and authenticate individuals and organizations effectively. Signicat serves over 20,000 businesses across various sectors, including banking, insurance, and mobility, providing tools that streamline identity verification processes and enhance customer experiences. Their geographic reach extends across Europe, where they adapt their services to meet local compliance requirements while supporting cross-border operations.In 2023, Signicat generated revenue of EUR 68,354,315.40, with an EBITDA of EUR 23,414,587.60. Their revenue model includes subscriptions and transaction-based fees, predominantly from businesses in regulated industries, paying for access to Signicat's identity solutions, including the Electronic Signature API and eID Hub.Signicat plans to leverage recent funding to accelerate international expansion and enhance its product offerings. The acquisition by Nordic Capital and Viking Venture aims to develop Signicat's proprietary platform and widen its capabilities. The company is focusing on launching new products and expanding into new geographic markets, though specific regions and product release dates have not been disclosed.

## Funding rounds

- Series B, Jul 16, 2016, $1.8M — Viking Growth, Secure Identity Holding
- Series B, Dec 10, 2014, $1.6M — Viking Growth, Secure Identity Holding

## Investors

- Viking Growth (https://capitalatlas.ai/funds/viking-growth) — Series B
- Secure Identity Holding — Series B