Encap Security

Fornebu, Norway Founded: 2007 • Age: 19 yrs Acquired By Signicat
Cloud-based two-factor authentication and digital signing are offered.
Annual revenue $72.0M Latest available
Total funding $2.0M 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 4 Services tracked
Competitors 9 Brand Intelligence

About Encap Security

Encap Security is a company based in Fornebu (Norway) founded in 2007 was acquired by Signicat in June 2021. Encap Security has raised $2 million across 2 funding rounds from investors including Signicat, AllClear ID and ProVenture. Encap Security offers products and services including Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration. Encap Security operates in a competitive market with competitors including Okta, Ping Identity, Perfios, IDnow and Signicat, among others.

  • Headquarter Fornebu, Norway
  • Sectors
    Financial Services
    Technology
  • Phone
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  • Website
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  • Social
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  • Legal Name Signicat As
Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Cybersecurity & Privacy Solutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $72.04 M (USD)
    39
    as on Dec 31, 2021
  • Net Profit
    -$3.6 M (USD)
    -25
    as on Dec 31, 2021
  • EBITDA
    -$7.3 M (USD)
    -83
    as on Dec 31, 2021
  • Total Equity Funding
    $2 M (USD)

    in 2 rounds

  • Latest Funding Round
    $2 M (USD), Series A

    Jun 13, 2013

  • Investors
    Signicat

    & 3 more

  • Employee Count
    Not available
  • Acquired by
    Signicat

    & 1 more

    (Jun 02, 2021)

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Products & Services of Encap Security

Encap Security offers a comprehensive portfolio of products and services, including Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.

Product name locked
Category locked
Primary

Verifies identities using trusted sources for KYC compliance.

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Category locked
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Secures user logins with multi-factor methods.

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Category locked
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Enables remote signing of documents securely.

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Automates compliant identity and risk workflows.

Funding Insights of Encap Security

Encap Security has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in June 2013. 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.

Investors in Encap Security

Encap Security has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Signicat, AllClear ID and ProVenture.

All
Venture Fund
Investor Description Founded Year Domain Location
Early-stage tech and energy investments are made primarily in Norway.
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Venture capital firm focused on early-stage tech companies
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Provider of a platform consolidating and sharing patient medical records securely
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Investor details for Encap Security

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Investments & Acquisitions by Encap Security

Investments
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Investment portfolio details for Encap Security

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Financial Statements - Encap Security

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Detailed financials for Encap Security

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Encap Security Comparisons

Encap Security Primary company
Description
Cloud-based two-factor authentication and digital signing ar...
Location
Fornebu, Norway
Founded Year
2007
Annual Revenue
$72.04 M (USD)
Net Profit
-$3.6 M (USD)
EBITDA
-$7.3 M (USD)
Employees
Not available
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Peer comparison for Encap Security

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Competitors of Encap Security

Encap Security 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 Okta, Ping Identity, Perfios, IDnow and Signicat, among others.

Company Name Domain Founded year HQ Location Description
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Cloud-based identity management and authentication are provided for enterprises.
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Cloud-based identity management solutions are provided for enterprises.
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Provides financial technology solutions for data analysis and verification globally.
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Automated and expert-led identity verification services are provided.
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Software solutions for identity management are provided via APIs.
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Cloud-based identity verification solutions are provided for customers.
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Detailed competitors of Encap Security

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Latest news on Encap Security

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Complete news archive for Encap Security

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Frequently Asked Questions about Encap Security

Encap Security was founded in 2007 and raised its 1st funding round 2 years after it was founded.

Encap Security is headquartered in Fornebu, Norway.

Encap Security is a funded company, having raised a total of $2M across 2 funding rounds to date.

Annual revenue of Encap Security is $72.04M as on Dec 31, 2021.

Encap Security was founded in 2007 in Fornebu, Norway, and operates in the cybersecurity sector. Cloud-based two-factor authentication and digital signing services are provided, replacing hardware tokens, card readers, SIMs, and SMS methods with a mobile client linked to smart devices. Authentication processes are enabled across platforms including PCs, mobiles, and tablets through cloud infrastructure.

Encap Security's top competitors include Ping Identity, Okta and IDnow.

Encap Security offers Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.

Encap Security has 4 investors. Key investors include Signicat, AllClear ID, ProVenture, and Alliance Venture.

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