About SecureKey
SecureKey is a company based in Toronto (Canada) founded in 2008 was acquired by Avast in March 2022.. SecureKey has raised $71.16 million across 8 funding rounds from investors including Visa, Mastercard and Avast. SecureKey operates in a competitive market with competitors including Entrust, Onfido, ThreatMetrix, Socure and Alloy, among others.
- Headquarter Toronto, Canada
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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Funding Insights of SecureKey
SecureKey has successfully raised a total of $71.16M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $200 thousand completed in November 2019. 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 8
- Last Round Grant — $200,000
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First Round
First Round
(22 Apr 2010)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Grant - SecureKey | Valuation |
investors |
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| Oct, 2016 | Amount | Series C - SecureKey | Valuation | BMO , Scotiabank |
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| Dec, 2014 | Amount | Series C - SecureKey | Valuation | Rogers Venture Partners , RPM Technologies |
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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 SecureKey
SecureKey has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Visa, Mastercard and Avast. 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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Corporate-backed investments are directed to fintech, healthcare, and various sectors.
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Founded Year | Domain | Location | |
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Investments in multiple sectors are directed by TELUS Ventures.
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Founded Year | Domain | Location | |
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Education startups are funded and mentored by Intel-backed accelerator.
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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 SecureKey
| 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 - SecureKey
| 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 |
Securekey Comparisons
Competitors of SecureKey
SecureKey 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 Entrust, Onfido, ThreatMetrix, Socure and Alloy, 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 |
Provider of digital identity management solutions
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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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 Securekey
Frequently Asked Questions about SecureKey
When was SecureKey founded?
SecureKey was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is SecureKey located?
SecureKey is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is SecureKey a funded company?
SecureKey is a funded company, having raised a total of $71.16M across 8 funding rounds to date. The company's 1st funding round was a Series C of $19M, raised on Apr 22, 2010.
What does SecureKey do?
SecureKey was founded in 2008 in Toronto, Canada, and operates within the digital identity sector. Cloud-based solutions for identity verification and authentication are delivered, enabling secure access to online services and applications. An identity network is maintained, along with cryptographic technologies that support transaction enablement. Operations focus on providing these services to various digital ecosystems across North America.
Who are the top competitors of SecureKey?
Who are SecureKey's investors?
SecureKey has 15 investors. Key investors include Visa, Mastercard, Avast, Canadian Imperial Bank of Commerce, and Scotiabank.
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