About IDnow
IDnow is a company based in Munchen (Germany) founded in 2010 by Sebastian Baerhold, Armin Bauer, Dennis Von Ferenczy, and Felix Haas was acquired by Corsair Capital in March 2025.. IDnow has raised $40 million across 5 funding rounds from investors including BlackRock, Giesecke+Devrient and European Investment Bank. The company has 29 employees as of December 31, 2023. IDnow has completed 2 acquisitions, including AriadNEXT and Identity Trust Management. IDnow offers products and services including Automated Identity Verification, Expert-led Video Verification, In-person Verification, and Digital Signatures. IDnow operates in a competitive market with competitors including Zscaler, PayPal, Palantir, Snowflake and Alteryx, among others.
- Headquarter Munchen, Germany
- Employees 29 as on 31 Dec, 2023
- Founders Sebastian Baerhold, Armin Bauer, Dennis Von Ferenczy, Felix Haas
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Idnow Gmbh
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Annual Revenue
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Net Profit
$13.48 M (USD)-9as on Dec 31, 2021
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EBITDA
$13.48 M (USD)-9as on Dec 31, 2021
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Total Equity Funding
$40 M (USD)
in 5 rounds
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Latest Funding Round
$61.32 M (USD), Debt – Conventional
Aug 03, 2022
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Investors
BlackRock
& 6 more
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Employee Count
29
as on Dec 31, 2023
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Investments & Acquisitions
AriadNEXT
& 1 more
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Acquired by
Corsair Capital
(Mar 06, 2025)
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Products & Services of IDnow
IDnow offers a comprehensive portfolio of products and services, including Automated Identity Verification, Expert-led Video Verification, In-person Verification, and Digital Signatures. 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.
AI-driven tool for scalable and secure identity checks.
Face-to-face video process for enhanced security and compliance.
On-site identity checks at public locations for reliability.
Secure electronic signing to replace paper-based processes.
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Funding Insights of IDnow
IDnow has successfully raised a total of $40M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $61.32 million completed in August 2022. 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 5
- Last Round Debt – Conventional — $61.3M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Debt – Conventional - IDnow | Valuation |
investors |
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| Dec, 2020 | Amount | Debt – Conventional - IDnow | Valuation |
investors |
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| Oct, 2019 | Amount | Series C - IDnow | Valuation | Corsair Capital |
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| 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 IDnow
IDnow has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include BlackRock, Giesecke+Devrient and European Investment Bank. 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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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward North America and Europe.
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Founded Year | Domain | Location | |
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Tech & Life Sciences focused stage agnostic VC firm investing in Europe, Asia & the US
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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 IDnow
IDnow has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AriadNEXT and Identity Trust Management. 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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Electronic signature solution
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2011 | ||||
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ID document verification is conducted for anti-fraud and identity management.
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2010 |
| 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 - IDnow
| 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 |
Idnow Comparisons
Competitors of IDnow
IDnow 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 Zscaler, PayPal, Palantir, Snowflake and Alteryx, 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 |
Cybersecurity and zero trust solutions are delivered for secure networks.
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| domain | founded_year | HQ Location |
Online payment solutions are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Cloud-based big data warehouse for enterprise data management is provided.
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| domain | founded_year | HQ Location |
Cloud-based data analytics solutions are delivered for insight generation.
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| domain | founded_year | HQ Location |
Synchrony is engaged in providing credit cards and banking services.
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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 Idnow
Frequently Asked Questions about IDnow
When was IDnow founded?
IDnow was founded in 2010 and raised its 1st funding round 6 years after it was founded.
Where is IDnow located?
IDnow is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of IDnow?
Andreas Bodczek is the current CEO of IDnow.
Is IDnow a funded company?
IDnow is a funded company, having raised a total of $40M across 5 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Sep 26, 2016.
How many employees does IDnow have?
As of Dec 31, 2023, the latest employee count at IDnow is 29.
What does IDnow do?
IDnow was founded in 2010 in Munich, Germany, and operates within the identity verification and digital trust sector. Solutions for customer onboarding, fraud prevention, and regulatory compliance are offered through automated processes, video-based expert verification, and in-person options. Additional trust services encompass digital signatures, timestamps, and electronic seals, supporting secure digital interactions across various industries.
Who are the top competitors of IDnow?
What products or services does IDnow offer?
IDnow offers Automated Identity Verification, Expert-led Video Verification, In-person Verification, and Digital Signatures.
How many acquisitions has IDnow made?
IDnow has made 2 acquisitions, including AriadNEXT, and Identity Trust Management.
Who are IDnow's investors?
IDnow has 7 investors. Key investors include BlackRock, Giesecke+Devrient, European Investment Bank, Corsair Capital, and Seventure Partners.
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