About Nymi
Nymi is a company based in Toronto (Canada) founded in 2011 was acquired by Innominds in April 2022.. Nymi has raised $30.4 million across 4 funding rounds from investors including Mastercard, Konica Minolta and Innominds. Nymi offers products and services including Nymi Band. Nymi operates in a competitive market with competitors including BitGo, Megvii, Yoti, LifeLock and HYPR, among others.
- Headquarter Toronto, Canada
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial 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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- Legal Name Nymi Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.4 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Mastercard
& 7 more
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Employee Count
Employee Count
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Acquired by
Innominds
(Apr 12, 2022)
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Products & Services of Nymi
Nymi offers a comprehensive portfolio of products and services, including Nymi Band. 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.
Wearable for biometric authentication in secure workflows
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Funding Insights of Nymi
Nymi has successfully raised a total of $30.4M across 4 strategic funding rounds. 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 Last Round
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First Round
First Round
(20 Aug 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Series C - Nymi | Valuation | Konica Minolta |
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| May, 2017 | Amount | Series B - Nymi | Valuation | Gulf Islamic Investments | |
| Sep, 2014 | Amount | Series A - Nymi | Valuation | Relay Ventures , Ignition Partners |
| 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 Nymi
Nymi has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Mastercard, Konica Minolta and Innominds. 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 venture capital investments are provided by Relay Ventures.
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Founded Year | Domain | Location | |
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Investments in enterprise software sectors are made by Ignition Partners.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are pursued through PE and VC.
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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 Nymi
| 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 - Nymi
| 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 |
Nymi Comparisons
Competitors of Nymi
Nymi 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 BitGo, Megvii, Yoti, LifeLock and HYPR, 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 |
Crypto-based custody, trading, and lending services are provided to institutions.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided for multiple industries digitally.
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| domain | founded_year | HQ Location |
Identity theft is protected and prevented through cyber monitoring services.
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| domain | founded_year | HQ Location |
Passwordless multi-factor authentication and identity assurance solutions are provided.
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| domain | founded_year | HQ Location |
Digital identity solutions company providing facial biometrics and digital admission solutions
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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 Nymi
Frequently Asked Questions about Nymi
When was Nymi founded?
Nymi was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Nymi located?
Nymi is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Nymi?
Chris Sullivan is the current CEO of Nymi.
Is Nymi a funded company?
Nymi is a funded company, having raised a total of $30.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Aug 20, 2013.
What does Nymi do?
Founded in 2011 in Toronto, Canada, Nymi operates in the biometric security sector. A platform is offered that delivers authentication solutions through a wristband device. User identity is verified by matching heart wave patterns using an electrocardiogram sensor. The device is synced daily and enables access while worn on the wrist. Bluetooth and NFC are integrated for device unlocking, alongside a gyroscope and accelerometer for functionality.
What products or services does Nymi offer?
Nymi offers Nymi Band.
Who are Nymi's investors?
Nymi has 8 investors. Key investors include Mastercard, Konica Minolta, Innominds, Export Development Canada, and Relay Ventures.
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