# Spherity

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.spherity.com
- Total disclosed funding: $2.7M
- Latest round: Seed (Mar 4, 2022)
- Investors on record: 3

## About

Founded in 2017 and based in Berlin, Germany, Spherity GmbH delivers innovative digital identity solutions that enhance security and operational efficiency across various industries.Spherity GmbH is focused on providing digital identity solutions that cater to multiple sectors. The company was founded in Berlin, Germany, by Carsten Stöcker and Michael Rüther. Carsten Stöcker serves as the CEO. Spherity has successfully raised EUR 2.5 million in Seed funding on March 4, 2022, from investors including Blockwall Management and Gründerfonds Ruhr, valuing the company at EUR 7.664 million post-money.Spherity specializes in digital identity solutions that enhance security and efficiency across various industries. Their core offerings include CARO, a solution for verifying licensing and authorization of supply chain partners in compliance with the Drug Supply Chain Security Act (DSCSA); VERA, which provides digital product passports for diverse industries listed in the ESPR; EIDA, an eIDAS 2.0-compliant wallet for enterprise identity management; and KYLE, which automates Know Your Customer (KYC) and Know Your Supplier (KYS) processes. These products streamline data sharing and regulatory compliance, enabling businesses to protect themselves from malicious actors and improve operational efficiency. Spherity serves sectors including pharmaceuticals, automotive, life sciences, supply chain management, finance, and textiles, with clients such as banks, regulatory bodies, and organizations focused on traceability and sustainability. Their solutions are primarily deployed in the U.S. and European markets.Spherity generates revenue through a combination of subscription-based services and partnerships, primarily in the B2B sector. Their products, such as CARO and VERA, operate on a subscription model where clients pay recurring fees for access to software solutions that facilitate compliance and data management. Partnerships with organizations like Bundesanzeiger Verlag and SAP Life Sciences enable Spherity to integrate solutions into existing client systems, streamlining operational processes and reducing costs for end users. Specific pricing details for their offerings are not disclosed.In March 2022, Spherity GmbH raised EUR 2.5 million in Seed funding to support team expansion and technology development. The company plans to enhance its product offerings and expand into new geographic markets, although specific regions have not been disclosed. The recent funding will be instrumental in facilitating these growth initiatives.

## Funding rounds

- Seed, Mar 4, 2022, $2.7M — Blockwall Management, Grunderfonds Ruhr
- Seed, Oct 9, 2019 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Blockwall Management (https://capitalatlas.ai/funds/blockwall-management) — Seed
- Grunderfonds Ruhr — Seed