Authologic Raises $8.2 Million in Series A

Authologic Raises $8.2 Million in Series A

Authologic, a Warsaw, Poland-based global digital identity verification platform, has raised $8.2 million in Series A funding.

The round was led by OpenOcean, with participation from Y Combinator, Peak Capital, and SMOK VC.

OpenOcean is an early-stage venture capital firm investing in frontier technologies across Europe, with offices in London and Helsinki. Its mission is to invest in disruptive B2B platforms, including data infrastructure, AI, cybersecurity, next-generation software development, and enterprise automation, to build the backbone of the future data economy.

This funding will fuel Authologic's international expansion.

Authologic provides digital identity verification solutions, helping businesses across the globe streamline their KYC, AML, and KYB processes. With offices in San Francisco, London, and Warsaw, its mission is to simplify and secure online identity verification by integrating cutting-edge e-ID technologies, biometric checks, and Open Banking data into a single, flexible platform. Trusted by household names like Santander Leasing, LV Bet, and eToro, Authologic aggregates hundreds of e-ID systems onto its eID-platform to streamline digital identity verification.

Funding Details

Company: Authologic

Raised: $8.2M

Round: Series A

Funding Date: October 2024

Lead Investor: OpenOcean

Additional Investors: Y Combinator, Peak Capital, SMOK VC

Company Website: https://authologic.com/

Software Category: Identity Verification Solutions