Nect, a German digital identity solutions provider, has secured €2.5 million in revenue-based financing from Round2 Capital. The funding will help Nect expand its market and develop a new ID verification model.
About Nect
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Nect, founded in 2017, is a German-based provider of cutting-edge digital identity solutions.
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The company’s products, Nect Wallet, Nect Ident and Nect Sign, use AI and biometrics to offer secure, user-friendly, and eIDAS-compliant identity verification and electronic signature services.
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Nect is now focusing on expanding its reach internationally, expanding its product line for Business Customers as well as building new business models in the era of Identity-Wallets.
“We have built our foundation of 12 million users on one key principle: We design the best solutions for the user and build and invent the security technology to match. With the support of Round2 Capital, we look forward to expanding into new markets, driving innovation and leading the industry into a new era,” says Benny Bennet Jürgens, CEO of Nect.
Investment details
Nect has secured revenue-based financing from Round2 Capital.
“The revenue-based financing, with its flexible repayment structure, is perfectly suited to Nect’s business model,” the fund stated.
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Round2 Capital is a fast-growing pan-European growth investment firm with €170 million under management. Based in Vienna, the firm is a strong partner for European scale-ups and companies with digital and sustainable business models.
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Its recent portfolio includes Swedish video tech pioneer Phyron and Swedish intelligent automation technology provider EvoluteIQ.
This non-dilutive funding allows shareholders to maintain full control of the company while capitalizing on new growth opportunities. It gives Nect the financial flexibility to scale operations, innovate its product offerings, and expand into new markets without having to dilute equity.
