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
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Signicat As
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Annual Revenue
$72.04 M (USD)39as on Dec 31, 2021
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Net Profit
$-3.6 M (USD)-25as on Dec 31, 2021
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EBITDA
$-7.3 M (USD)-83as on Dec 31, 2021
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Series A
Jun 13, 2013
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Investors
Signicat
& 3 more
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Employee Count
Employee Count
- Acquired by
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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. 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.
Verifies identities using trusted sources for KYC compliance.
Secures user logins with multi-factor methods.
Enables remote signing of documents securely.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2013 | Amount | Series A - Encap Security | Valuation |
investors |
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| Feb, 2009 | Amount | Series A - Encap Security | Valuation |
investors |
| 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 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. 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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Early-stage tech and energy investments are made primarily in Norway.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage tech companies
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Founded Year | Domain | Location | |
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Provider of a platform consolidating and sharing patient medical records securely
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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 Encap Security
| 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 |
Financial Statements - Encap Security
| 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 |
Encap Security Comparisons
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. 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 identity management and authentication are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based identity management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Cloud-based identity verification solutions are provided for customers.
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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 Encap Security
Frequently Asked Questions about Encap Security
When was Encap Security founded?
Encap Security was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Encap Security located?
Encap Security is headquartered in Fornebu, Norway.
Is Encap Security a funded company?
Encap Security is a funded company, having raised a total of $2M across 2 funding rounds to date.
What is the annual revenue of Encap Security?
Annual revenue of Encap Security is $72.04M as on Dec 31, 2021.
What does Encap Security do?
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.
Who are the top competitors of Encap Security?
Encap Security's top competitors include Ping Identity, Okta and IDnow.
What products or services does Encap Security offer?
Encap Security offers Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.
Who are Encap Security's investors?
Encap Security has 4 investors. Key investors include Signicat, AllClear ID, ProVenture, and Alliance Venture.
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