About Signicat
Signicat is a company based in Trondheim (Norway) founded in 2006 was acquired by Nordic Capital in April 2019.. Signicat has raised $2.09 million across 10 funding rounds from investors including European Union, EIC Fund and Viking Venture. The company has 150 employees as of December 31, 2019. Signicat has completed 8 acquisitions, including Dokobit, Electronic Identification and Encap Security. Signicat offers products and services including Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration. Signicat operates in a competitive market with competitors including Entrust, Onfido, IDnow, Perfios and Jumio, among others.
- Headquarter Trondheim, Norway
- Employees 150 as on 31 Dec, 2019
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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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Annual Revenue
$72.04 M (USD)39as on Dec 31, 2021
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Net Profit
$-3.6 M (USD)-25as on Dec 31, 2021
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EBITDA
$-7.3 M (USD)-83as on Dec 31, 2021
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Total Equity Funding
$2.09 M (USD)
in 10 rounds
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Latest Funding Round
$64.37 K (USD), Grant
Jan 01, 2020
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Investors
European Union
& 3 more
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Employee Count
150
as on Dec 31, 2019
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Investments & Acquisitions
Dokobit
& 7 more
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Acquired by
Nordic Capital
(Apr 11, 2019)
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Products & Services of Signicat
Signicat offers a comprehensive portfolio of products and services, including Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration. 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.
Verifies identities using trusted sources for KYC and AML compliance.
Secures user logins with multi-factor methods and eIDs.
Enables remote signing and management of legal documents.
Automates identity and risk workflows for compliance.
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Software Development Team
61 people
Product Management Team
26 people
Sales and Marketing
19 people
Senior Team
8 people
Leadership Team
8 people
Finance and Accounting
6 people
Head Team
6 people
Human Resources and Administration
5 people
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Funding Insights of Signicat
Signicat has successfully raised a total of $2.09M across 10 strategic funding rounds. The most recent funding activity was a Grant round of $64.37 thousand completed in January 2020. 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 10
- Last Round Grant — $64,373
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First Round
First Round
(01 Aug 2007)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Grant - Signicat | Valuation |
investors |
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| May, 2019 | Amount | Grant - Signicat | Valuation |
investors |
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| Jan, 2018 | Amount | Grant - Signicat | Valuation |
investors |
| 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 Signicat
Signicat has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, EIC Fund and Viking Venture. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Growth-stage tech and energy investments in Europe are targeted.
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Founded Year | Domain | Location | |
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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 Signicat
Signicat has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Dokobit, Electronic Identification and Encap Security. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering electronic document signing solutions
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2013 | ||||
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Digital identification and e signature solutions
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2013 | ||||
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Provider of IT security services
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Signicat
| 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 |
Signicat Comparisons
Competitors of Signicat
Signicat 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, IDnow, Perfios and Jumio, 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 |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
AI-powered identity verification and fraud protection solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based physical identity and access management systems are developed.
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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 Signicat
Frequently Asked Questions about Signicat
When was Signicat founded?
Signicat was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is Signicat located?
Signicat is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Who is the current CEO of Signicat?
Asger Jens Hattel is the current CEO of Signicat.
Is Signicat a funded company?
Signicat is a funded company, having raised a total of $2.09M across 10 funding rounds to date. The company's 1st funding round was a Grant of $1.68M, raised on Aug 01, 2007.
How many employees does Signicat have?
As of Dec 31, 2019, the latest employee count at Signicat is 150.
What is the annual revenue of Signicat?
Annual revenue of Signicat is $72.04M as on Dec 31, 2021.
What does Signicat do?
Signicat was established in 2006 in Trondheim, Norway, as a provider of identity management software. API-based access is delivered to public eID schemes, registry lookups, consumer identities, document verification, and hosted methods. These tools are employed by banks, financial institutions, insurance firms, government bodies, and corporations from large enterprises to small and medium-sized businesses across various sectors.
Who are the top competitors of Signicat?
What products or services does Signicat offer?
Signicat offers Identity Proofing, Authentication, Electronic Signing, and Trust Orchestration.
How many acquisitions has Signicat made?
Signicat has made 8 acquisitions, including Dokobit, Electronic Identification, and Encap Security.
Who are Signicat's investors?
Signicat has 4 investors. Key investors include European Union, EIC Fund, Viking Venture, and Nordic Capital.
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