Market Insights

The Convenience Factor: (Thursday) Dealbook for 7/2/2020

Deals are flowing in spite of a shorter work week, as Certification brings in $1.2 million for document and signature verification, Curv pulls $23 million for its digital wallet, and solarisBank raises $67.6 million for its Banking-as-a-Platform service. This week’s deals reflect a demand for convenience by end users – in an increasingly digital world, consumers want services that are accessible, flexible, and seamless. 

Curious about other solutions and initiatives that impact our day to day, especially from a public perspective? Check out the agenda for our KNOW Identity Digital Forum on Government next Tuesday!

The Top Deals Covered by OWI this Week

Certifaction \ certifaction.io \ Founded in 2020

Operator of a software company intended to address the document and signature forgery issue. The company offers solutions to certify, notarize, and sign any type of documents and make them instantly verifiable using blockchain technology, thereby helping clients with optimizing processes and customer experience.

The company raised CHF 1.1 million of venture funding in a deal led by Wingman Ventures on June 30, 2020. Seedcamp and Angel Invest Ventures also participated in the round. The funds will be used for expanding marketing and sales activities.

Curv \ curv.co \ Founded in 2018

Developer of a cloud-based wallet designed for digital assets. The company’s software uses cryptography to deliver cloud-based institutional digital asset wallet service and also allows to securely integrate and manage digital assets, enabling users to transact online with speed and safety.

The company raised $23 million of Series A venture funding from Digital Currency Group, CommerzVentures, and Coinbase Ventures on July 1, 2020. DG Daiwa Ventures and Team8 also participated in the round. The funds will be used to continue the company’s strong international growth, for new solutions inside tX, product innovations, and for hiring top talent.

solarisBank \ solarisbank.com \ Founded in 2016

Provider of an API-based Banking-as-a-Platform (BaaP) designed to integrate banking services for emerging digital-first companies. The company’s platform uses blockchain technology and provides an easy-to-integrate customizable platform for digital banking, card-based payment aggregation, consumer lending, SME lending, payments automation, virtual payments, and KYC document verification, enabling businesses to create and customize their own digital banking portal for facilitating cashless and online mode of payments and customer engagement.

The company raised EUR 60 million of Series C venture funding in a deal led by HV Holtzbrinck Ventures on June 30, 2020. Banco Bilbao Vizcaya Argentaria, ABN AMRO Digital Impact fund, Samsung Catalyst Fund, Vulcan Capital, SBI Holdings, Lakestar, Storm Ventures, Global Brain, Yabeo Capital, and Hegus also participated in the round.

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Investor Highlight

Team8 \ team8.vc \ Founded in 2014

Team8 is a company-building venture group that builds and invests in companies specializing in enterprise technologies, data, AI, and cybersecurity.

Active Portfolio – 10

Investments (TTM) – 3

Med. Round Amount – $8.00M 

Med. Valuation – $11.90M

Exits – 1

Deal History

In the past year, Team8 has invested in the following 3 identity companies:

Curv

Duality Technologies

Planck

*Source: PitchBook Data Inc. with proprietary keyword searches set by OWI Analysts