About Encap Security
Encap Security is a Financial Services company based in Fornebu (Norway) founded in 2007, and was acquired by Signicat in June 2021. Cloud-based two-factor authentication and digital signing are offered. It operates in the Financial Services and Technology sectors. 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. Its focus areas include FinTech, Banking Tech, RegTech and Onboarding KYC and AML. Its legal entity is Signicat AS.
Company details
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.
- Headquarters Fornebu, Norway
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website encapsecurity.com
- Social LinkedIn X
- Acquired by Signicat (Jun 2021)
- Legal Name Signicat As
- Annual Revenue$72.04 M (USD)39as on Dec 31, 2021
- Net Profit-$3.6 M (USD)-25as on Dec 31, 2021
- EBITDA-$7.3 M (USD)-83as on Dec 31, 2021
- Total Equity Funding$2M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Series A
Jun 2013
- InvestorsSignicat
& 3 more
- Acquired by
Products & Services of Encap Security
Encap Security offers a comprehensive portfolio of products and services, including Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.
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 $2M
- Total Rounds 2
- Last Round Series A — $2M
- Investors Count 2
All 2 funding rounds of Encap Security with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2013 | $2M | Series A | – | – | |
| Feb 2009 | Series A | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech and energy investments are made primarily in Norway. | proventure.no | Trondheim, Norway | ||
Venture capital firm focused on early-stage tech companies | alliance.vc | Oslo, Norway | ||
Provider of a platform consolidating and sharing patient medical records securely | 2004 | allclearid.com | Austin, United States | |
Software solutions for identity management are provided via APIs. | 2006 | signicat.com | Trondheim, Norway |
Investor details for Encap Security
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Encap Security
2 people are tracked at Encap Security (2 in team).
| Name | Role | Group |
|---|---|---|
Arne Riiber | Senior Android Developer | Team |
Filip Dulien | Software Engineer | Team |
Complete people profiles for Encap Security
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Timeline of Encap Security
5 dated milestones of Encap Security across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Encap Security is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by AllClear ID.
- Exit Acquired by Signicat.
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Related news about 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 offers Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.
Encap Security has 4 investors. Key investors include Signicat, AllClear ID, ProVenture, and Alliance Venture.
Encap Security operates through Signicat As.
Yes. Encap Security was acquired by Signicat in June 2021.