About Evernym
Evernym is a company based in Salt Lake City (United States) founded in 2013 was acquired by Avast in December 2021.. Evernym has raised $14.98 million across 4 funding rounds from investors including Barclays, Avast and Medici Ventures. Evernym offers products and services including Travel Pass, Digital Identity Solutions, and Cryptography Solutions. Evernym operates in a competitive market with competitors including cheqd, Craftt, Hopae, Verida and Nametag, among others.
- Headquarter Salt Lake City, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Evernym Software Private Limited
- Date of Incorporation 28 Oct, 2014
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$241.74 K (USD)0as on Mar 31, 2017
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Net Profit
$4.06 K (USD)0as on Mar 31, 2017
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EBITDA
$26.31 K (USD)0as on Mar 31, 2017
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Total Equity Funding
$14.98 M (USD)
in 4 rounds
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Latest Funding Round
$8 M (USD), Seed
Sep 26, 2019
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Investors
Barclays
& 3 more
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Employee Count
Employee Count
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Acquired by
Avast
(Dec 09, 2021)
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Products & Services of Evernym
Evernym offers a comprehensive portfolio of products and services, including Travel Pass, Digital Identity Solutions, and Cryptography Solutions. 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.
Securely manages travel information using verifiable credentials technology
Provides tools for digital identity and access control in corporate systems
Offers encryption and privacy tools for secure data governance
Funding Insights of Evernym
Evernym has successfully raised a total of $14.98M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $8 million completed in September 2019. 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 4
- Last Round Seed — $8.0M
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First Round
First Round
(04 Nov 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Seed - Evernym | Valuation | Barclays | |
| Aug, 2018 | Amount | Seed - Evernym | Valuation |
investors |
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| Oct, 2017 | Amount | Seed - Evernym | 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 Evernym
Evernym has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Barclays, Avast and Medici Ventures. 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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Medici Ventures is focused on advancing blockchain technology.
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Founded Year | Domain | Location | |
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Web3 startups are accelerated and supported by Outlier Ventures.
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Founded Year | Domain | Location | |
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Diversified financial services are provided across global markets.
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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 Evernym
| 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 - Evernym
| 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 |
Evernym Comparisons
Competitors of Evernym
Evernym 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 cheqd, Craftt, Hopae, Verida and Nametag, 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 |
Provider of a platform offering self sovereign identity solutions
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| domain | founded_year | HQ Location |
An interoperable identity protocol is developed for the modern workforce.
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| domain | founded_year | HQ Location |
Decentralized identity solutions are provided for secure digital credential management.
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| domain | founded_year | HQ Location |
Blockchain-based personal data security solutions are provided for user control.
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| domain | founded_year | HQ Location |
Identity theft protection is delivered through a secure mobile platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Evernym
Frequently Asked Questions about Evernym
When was Evernym founded?
Evernym was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Evernym located?
Evernym is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Evernym a funded company?
Evernym is a funded company, having raised a total of $14.98M across 4 funding rounds to date.
What is the annual revenue of Evernym?
Annual revenue of Evernym is $241.74K as on Mar 31, 2017.
What does Evernym do?
Evernym was founded in 2013 in Salt Lake City, United States, within the identity and access management sector. A ledger-based platform is operated to enable privacy protection by storing accounts, usernames, and passwords. Digital identity solutions are delivered for user access and authentication management, incorporating multi-factor authentication, single sign-on, and related technologies across operations.
What products or services does Evernym offer?
Evernym offers Travel Pass, Digital Identity Solutions, and Cryptography Solutions.
Who are Evernym's investors?
Evernym has 4 investors. Key investors include Barclays, Avast, Medici Ventures, and Outlier Ventures.
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