American identity start-up Evernym has raised $8m in a pre-series A funding round from investors that included Barclays Ventures and Medici Ventures.
Established in 2013, Evernym provides a self-sovereign identity platform which is used by companies and governments to issue, accept, and authenticate credentials that operate akin to a digital passport.
Go deeper with GlobalData
Additionally, Evernym’s digital credential platform (Verity) allows organisations to interact with their customers securely while enabling consumers to control their personal data.
Evernym believes that its solution can be used to resolve the problem to prove that someone is online.
Evernym president Steve Havas said: “This additional capital will enable us to scale our offerings as businesses everywhere start to see what a future built on trust looks like.”
Barclays Ventures CEO Ben Davey stated: “At Barclays Ventures, we believe in Evernym’s mission and objectives. Evernym’s solution has the potential to profoundly change and simplify the way organisations interact with their customers digitally. We are looking forward to working with Evernym as it expands and drives adoption.”
Since its inception, Evernym has partnered with more than 50 firms such as ATB Financial, Barclaycard, CULedger, Irish Life, Deutsche Telekom, Novartis, Telus, the US Department of Homeland Security, along with three Canadian provinces.
