About Civic Technologies
Civic Technologies is a company based in Palo Alto (United States) founded in 2016.. Civic Technologies has raised $2.75 million across 2 funding rounds from investors including Digital Currency Group, Social Leverage and Pantera Capital. Civic Technologies has completed 2 acquisitions, including KS Energy Services and Southeast Connections. Civic Technologies offers products and services including Civic Auth and Civic Pass. Civic Technologies operates in a competitive market with competitors including Web3Auth, SelfKey, IndyKite, Procivis and Qui, among others.
- Headquarter Palo Alto, United States
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Civic Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.75 M (USD)
in 2 rounds
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Latest Funding Round
$33 M (USD), Token Sale
Jun 01, 2017
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Investors
Digital Currency Group
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
KS Energy Services
& 1 more
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Products & Services of Civic Technologies
Civic Technologies offers a comprehensive portfolio of products and services, including Civic Auth and Civic Pass. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides user management and secure onboarding for web3 applications
Enables user verification and access control in digital environments
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Funding Insights of Civic Technologies
Civic Technologies has successfully raised a total of $2.75M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $33 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $33.0M
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First Round
First Round
(28 Jan 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Token Sale - Civic Technologies | Valuation |
investors |
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| Jan, 2016 | Amount | Seed - Civic Technologies | Valuation | Social Leverage |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Civic Technologies
Civic Technologies has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Digital Currency Group, Social Leverage and Pantera Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm and fund of funds focused on fintech, Adtech, and multiple sectors
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Founded Year | Domain | Location | |
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Blockchain-focused investment funds and venture capital are provided.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to firms across diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Civic Technologies
Civic Technologies has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include KS Energy Services and Southeast Connections. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of gas distribution and pipeline construction of steel & plastic mains as well as associated services
|
2005 | ||||
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Gas pipeline maintenance services are provided in the United States.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Civic Technologies
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Civic Technologies Comparisons
Competitors of Civic Technologies
Civic Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Web3Auth, SelfKey, IndyKite, Procivis and Qui, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based infrastructure is offered for decentralized applications and wallets.
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| domain | founded_year | HQ Location |
Provider of digital identity wallet management solutions
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| domain | founded_year | HQ Location |
Provider of cloud and blockchain-based security solutions for IoT and AI applications
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| domain | founded_year | HQ Location |
Digital identity management solutions are offered to government agencies.
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| domain | founded_year | HQ Location |
Offering federated identity management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Civic Technologies
Frequently Asked Questions about Civic Technologies
When was Civic Technologies founded?
Civic Technologies was founded in 2016.
Where is Civic Technologies located?
Civic Technologies is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Civic Technologies a funded company?
Civic Technologies is a funded company, having raised a total of $2.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.75M, raised on Jan 28, 2016.
What does Civic Technologies do?
Civic Technologies was founded in 2016 in Palo Alto, United States, within the AI and blockchain sector focused on identity management. A platform is provided for users to register and validate personal identity details, which can be locked to mitigate theft and credit fraud. Services encompass watchlist screening, continuous monitoring, and IP-based location verification. The mobile application is accessible on Android and iOS via respective app stores.
Who are the top competitors of Civic Technologies?
What products or services does Civic Technologies offer?
Civic Technologies offers Civic Auth and Civic Pass.
How many acquisitions has Civic Technologies made?
Civic Technologies has made 2 acquisitions, including KS Energy Services, and Southeast Connections.
Who are Civic Technologies's investors?
Civic Technologies has 9 investors. Key investors include Digital Currency Group, Social Leverage, Pantera Capital, Sound Ventures, and Ashton Kutcher.