Validated ID raises €2m for Digital ID expansion

Spanish ID contender says funding will be used to consolidate the company’s growth and fuel its international ambitions

Posted 11 November 2019 by Gary Flood

Validated ID, a Barcelona-headquartered digital signature, e-invoicing and Digital Identity solutions, has just secured an impressive €2m worth of extra investment capital.

The new financing is led by the Randstad Innovation Fund, the corporate venture arm of the HR services industry leader, with the participation of co-investor Caixa Capital Risc, as well as from founders, previous partners, and the leading Spanish law firm Cuatrecasas, via its startup investment vehicle, Cuatrecasas Ventures

“We’re living an intense stage of growth in Validated ID.” – CEO, Santi Casis

The company’s SaaS electronic signature service for face-to-face and remote digital signature applications, VIDsigner, is used by over 100 partners and over 1000 clients, success buoyed by a new Blockchain-powered Self-Sovereign Identity (SSI) service, VIDchain.  The plan now: enter a new stage of expansion with the aim of intensifying the internationalisation of both products. 

“We’re living an intense stage of growth in Validated ID. The time is right, our technology and our services are aligned with the market, and we have a great team that day after day is able to ride this wave,” claimed the company’s CEO, Santi Casas.

Paul Jacquin, the Managing Partner at Randstad Innovation Fund, added that, “We are excited about the ongoing expansion of Validated ID’s e-signatures solution in Spain, and its potential in selected markets in Europe.

“On top of that, we are especially strong sponsors of its involvement in SSI [so this is] a natural development of the company’s capabilities that will play out as the SSI market matures.”