NineID Raises $2.6 Million in Seed Round

by Kay Aloha Villamor in June 21st, 2023

NineID, a Chent, Belgium-based access management startup, has announced the completion of its seed round with an additional $1.2 million raised, bringing the total funding to $2.6 million.

The round was led by Pitchdrive, with participation from Comate Ventures and several business angels, including, Louis Jonckheere and Pieterjan Bouten (founders of Showpad), Dries Buytaert (founder of Drupal CMS), and others. 

Earlier this year, the company opened an office in New York to better serve the US market. The newly acquired funds will be utilized to drive the company's international expansion efforts and support the expansion of its product offerings.

NineID offers a Software-as-a-Service (SaaS) platform that centralizes user identification, certificates, and training documentation, providing easy accessibility for audits. Additionally, the company provides on-site access management hardware, utilizing QR codes, smartphone scans, or facial recognition.

“Today, every company still works with badges, a system that has been around for 30 years. As the market starts to shift to mobile credentials and biometrics, we aim to become the largest international provider of these solutions with NineID.” concludes Roy Jeunen Co-founder of NineID..

Company: Nine Engineering BV 

Raised: $2.6M

Round: Seed Round

Funding Month: June 2023

Lead Investors: Pitchdrive

Additional Investors: Comate Ventures, Louis Jonckheere, Pieterjan Bouten, and Dries Buytaert

Company Website: https://www.nineid.com/

Software Category: Access Management Solution

About the Company: Founded by Roy Jeunen and Frederik Keysers, NineID is an award-winning technology company revolutionizing security solutions. With a focus on access flows, security, and safety protocols, NineID empowers organizations to enhance security, streamline operations, and ensure compliance. Headquartered in Ghent with an office in New York, NineID uses cutting-edge technologies like biometric authentication and advanced data analytics. The platform centralizes and automates complex processes for seamless and secure access flows. NineID’s mission is to empower businesses worldwide with state-of-the-art compliance and security solutions, driving efficiency while mitigating security risks.


Source: https://www.nineid.com/news/seed-round


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