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.
Wearable for biometric authentication in secure workflows
People of Nymi
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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 |
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| 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 |
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 |
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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 |
Investments & Acquisitions by Nymi
Financial Statements - Nymi
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.
| 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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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 current CEO of Nymi.
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.
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.