Clients, equity fund invest in European ID verification firm Evrotrust

In a statement short on details, European ID verification service firm Evrotrust says it has received an investment of €3.3 million (US$3.55 million) for expansion and product development.

Private equity firm Silverline Capital and “existing clients” made the placement.

Evrotrust said a year ago that it had raised €2.5 million (US$2.7 million at the time) in equity funding from the Bulgarian Development Bank, an Evrotrust customer.

A planned series A round has yet to materialize.

Silverline’s undisclosed portion will go …

biometrics biometrics news capital clients development digital id equity expansion fund funding identity verification id verification investment private private equity product product development service statement trade notes verification