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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