About Nymi
Nymi is a Technology company based in Toronto (Canada) founded in 2011, and was acquired by Innominds in April 2022. Biometric authentication is provided via wearable wristband technology. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. Nymi has raised $30.4 million across 4 funding rounds from investors including Mastercard, Konica Minolta and Innominds. Its chief executive, as recorded, is Chris Sullivan. Nymi offers products and services including Nymi Band. Its focus areas include High Tech, Wearable Technology, Smart Bands and Access Control. Its legal entity is Nymi Inc.
Company details
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.
- Total Equity Funding$30.4M (USD)
in 4 rounds
- InvestorsMastercard
& 7 more
- Acquired byInnominds
(Apr 2022)
Products & Services of Nymi
Nymi offers a comprehensive portfolio of products and services, including Nymi Band.
Wearable for biometric authentication in secure workflows
Apps and channels of Nymi
its YouTube channel Nymi has 1.1K subscribers and 30 videos.
Videos from Nymi
The most watched videos on Nymi's YouTube channel, Nymi (1.1K subscribers). Click a video to play it here.
More on Nymi.
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 $30.4M
- Total Rounds 4
- First Round $1.4M
(Aug 2013)
- Investors Count 7
All 4 funding rounds of Nymi 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 2018 | Series C | – | Konica Minolta | – | |
| May 2017 | $15M | Series B | – | Gulf Islamic Investments | |
| Sep 2014 | $14M | Series A | – | Relay Ventures, Ignition Partners | |
| Aug 2013 | $1.4M | Seed | – | Relay Ventures | – |
8 investors in total: 8 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are provided by Relay Ventures. | relayventures.com | Toronto, Canada | ||
Investments in enterprise software sectors are made by Ignition Partners. | ignition.vc | Los Altos, United States | ||
Investments in multiple sectors are pursued through PE and VC. | gii.ae | Dubai, United Arab Emirates | ||
Konica Minolta is engaged in providing imaging and printing solutions. | 1873 | konicaminolta.com | Tokyo, Japan | |
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States | |
SME loans are provided to support business exports. | 1944 | edc.ca | Ottawa, Canada | |
| salesforce.com/company/ventures | ||||
Software, mobile, AI development, and data analytics services are provided. | 1998 | innominds.com | San Jose, United States |
Investor details for Nymi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Nymi
13 people are tracked at Nymi (6 in leadership, 1 in board & advisors, 6 in team).
| Name | Role | Group |
|---|---|---|
Chris Sullivan | CEO | Leadership |
David Fortune | Head of Customer Success | Leadership |
Markus Windisch | Director, Channels and Alliances | Leadership |
Crayson Jenkins | Director EMEA | Leadership |
Stuart MacLean | Director, Product & Technology | Leadership |
Kevin Lawson (he/him) | Director Of Operations | Leadership |
Michael Brown | Advisory Board Member | Board & advisors |
Debbie Redmond | Manager, Customer Experience | Team |
Jyothsna (Jo) | Client Specialist | Team |
Josh Mau | Manager, Sales Engineering | Team |
Joy Cho | Marketing Manager | Team |
Navjot Kaur | Sales & Operations Specialist | Team |
Nisha Papneja | Professional Services Manager | Team |
Complete people profiles for Nymi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Nymi
4 dated milestones of Nymi across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Nymi is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Series C,.
- Exit Acquired by Innominds.
Web traffic of Nymi
The website of Nymi (nymi.com) receives about 7.3K visits a month.
- Monthly visits7.3K
▲ 26.6% vs previous month
Websites whose visitors overlap most with Nymi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| evidian.com | 100% | 19.5K | #1,316,855 | View details | |
blog.passwordbox.com | blog.passwordbox.com | 95% | – | ||
| google.com | 94% | 85.8B | #1 | View details |
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Related news about Nymi
Complete news archive for Nymi
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Frequently Asked Questions about Nymi
Nymi was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Nymi is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Chris Sullivan is the CEO of Nymi, as recorded in our data.
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 Seed of $1.4M, raised on Aug 2013.
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.
Nymi offers Nymi Band.
Nymi has 8 investors. Key investors include Mastercard, Konica Minolta, Innominds, Export Development Canada, and Relay Ventures.
Nymi operates through Nymi Inc..
Yes. Nymi was acquired by Innominds in April 2022.