About Legitify
Legitify is a company based in Stockholm (Sweden) founded in 2020 by Arko Ganguli.. Legitify has raised $1.74 million across 3 funding rounds from investors including Enterprise Ireland, Actium Partners and Redbay Ventures. Legitify offers products and services including Online Notarization Platform and Web Application. Legitify operates in a competitive market with competitors including Notarize, OneNotary, NotaryCam, Proof and OnlineNotary, among others.
- Headquarter Stockholm, Sweden
- Founders Arko Ganguli
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.74 M (USD)
in 3 rounds
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Latest Funding Round
$1.64 M (USD), Seed
Mar 08, 2024
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Investors
Enterprise Ireland
& 5 more
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Employee Count
Employee Count
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Products & Services of Legitify
Legitify offers a comprehensive portfolio of products and services, including Online Notarization Platform and Web Application. 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.
Service for remote document notarization and verification.
Tool for scheduling and storing notarized documents securely.
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Funding Insights of Legitify
Legitify has successfully raised a total of $1.74M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.64 million completed in March 2024. 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 3
- Last Round Seed — $1.6M
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First Round
First Round
(30 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Seed - Legitify | Valuation | Verb Ventures | |
| Jan, 2023 | Amount | Seed - Legitify | Valuation | Alchemist Accelerator |
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| Jun, 2021 | Amount | Seed - Legitify | Valuation | Antler |
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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 Legitify
Legitify has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Enterprise Ireland, Actium Partners and Redbay 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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Actium Partners is engaged in providing financial and investment services.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Verb Ventures is engaged in investment management for global trade.
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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 Legitify
| 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 - Legitify
| 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 |
Legitify Comparisons
Competitors of Legitify
Legitify 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 Notarize, OneNotary, NotaryCam, Proof and OnlineNotary, 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 software for managing legal electronic documents is offered.
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| domain | founded_year | HQ Location |
Platform offering online notary services to enterprises
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| domain | founded_year | HQ Location |
Cloud-based electronic notary document management software is provided by NotaryCam.
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| domain | founded_year | HQ Location |
Online notary services are facilitated via a tech platform.
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| domain | founded_year | HQ Location |
A cloud-based provider of notary solutions for secure document handling.
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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 Legitify
Frequently Asked Questions about Legitify
When was Legitify founded?
Legitify was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Legitify located?
Legitify is headquartered in Stockholm, Sweden.
Is Legitify a funded company?
Legitify is a funded company, having raised a total of $1.74M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jun 30, 2021.
What does Legitify do?
Legitify was founded in 2020 in Stockholm, Sweden, within the legal technology sector. An AI-powered platform is provided for notarizing documents remotely. Authentication is performed to meet company compliance standards, while notarization is conducted via real-time video calls. Operations focus on streamlining online verification processes for users across Europe, as indicated by the .eu domain.
Who are the top competitors of Legitify?
What products or services does Legitify offer?
Legitify offers Online Notarization Platform and Web Application.
Who are Legitify's investors?
Legitify has 6 investors. Key investors include Enterprise Ireland, Actium Partners, Redbay Ventures, Verb Ventures, and Alchemist Accelerator.