Key Takeaways:
- London-based B2B identity management software company, Outdid, raises $2.5M in seed funding, led by Jump Crypto and Superscrypt.
- The startup offers a fully private identity verification tool aimed at businesses.
- The funding round included investments from a stellar lineup of tech luminaries such as Martin Varsavsky, Luis Cuende, and Stefan George.
- Outdid has now raised a total of $2,597,338 across three rounds.
- The funds raised will be used to scale Outdid’s operations and accelerate product development.
London, England – Identity verification in the digital world is a growing concern, especially when it comes to privacy. Enter Outdid, a London-based startup that provides a fully private identity verification tool. As per the latest announcement, Outdid has raised $2.5 million in a seed funding round led by Jump Crypto and Superscrypt.
The fundraising round, which concluded yesterday, on June 29th, 2023, saw a participation of high-profile names in the tech industry, including Alexi Ned, Bogdan Stanciu, Can Kisagun, Emanuele Francioni, EO, Gaston Frydlewski, Harsh Rajat, Luis Cuende, Martin Varsavsky, Matias Woloski, Pia Mancini, Pressian Karakostov, Questbook, Santiago Siri, Simeon Simeonov, and Stefan George.
Operating in the B2B, identity management, and software industry, Outdid aims to revolutionize the way identity is managed and verified. Given the sheer amount of digital interactions happening daily, Outdid’s focus on privacy in identity verification could not have been more timely.
The funds raised will be used to scale Outdid’s operations, accelerate product development, and further establish their footprint in the identity management market. This seed funding has brought the company’s total fundraising to $2,597,338 over the course of three funding rounds.
According to Crunchbase, Jump Crypto and Superscrypt were the lead investors in the round. Both firms have a history of backing disruptive technologies, making Outdid’s mission a perfect fit for their investment portfolio.
Given the increasing demand for privacy-focused solutions, the new funding could help Outdid carve out a significant niche in the identity management market. As the digital landscape continues to grow and evolve, privacy and identity management solutions like those provided by Outdid are poised to play an increasingly pivotal role.
Stay tuned to see how this latest injection of funds accelerates Outdid’s journey towards redefining identity management in the digital age.
Want to supercharge your brand’s visibility within the UK tech industry? Reach startup founders, investors, and C-level executives with sponsored articles on UKT.news. Connect with us and discover how our advertising solutions can propel your brand to new heights. Explore our Sponsored Articles & Partnerships Program here.
