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Pre-seed bump for EU, UK expansion closed for selfie biometrics startup Magic ID
Nov. 23, 2023, 8:53 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
A London startup selling biometric ID verification has announced closing a €350,000 (US$438,670) pre-seed funding that will be used to expand on both sides of the English Channel.
SFC Capital (contributing €175,000 -- $219,340) and Presto Ventures (€120,000 -- $150,400) led the investment in Magic ID, according to trade publication Silicon Canals.
CEO Thanasis Mandaltsis comes from digital ID vendor Onfido. Mandaltsis is credited with leading the effort to create Onfido's self-sovereign ID software.
Magic's software service is …
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