Outdid, a London, UK-based company that provides an end-to-end private ID verification solution leveraging zero knowledge (“ZK”) proofs, raised $2.5M in Seed funding.
The round was led by Jump Crypto, followed by Superscrypt, and with participation from more than 15 angel investors such as Matias Woloski, Martin Varsavski, Gaston Frydlewski, Santiago Siri, Pia Mancini, Emanuele Francioni, Simeon Simeonov, Pressian Karakostov, Luis Cuende, Stefan George, Can Kisagun, Harsh Rajat, Alexi Ned, Bogdan Stanciu, EO Hao, and Questbook Investments.
The company intends to use the funds to expand operations and its business reach.
Led by Zvezdin Besarabov, CEO and Ana-Maria Pricop, COO, Outdid provides a private ID verification tool, eliminating data liabilities on the side of online apps and services while giving their users peace of mind knowing that their private information is safe. It resolves the privacy vs verifiability dilemma by leveraging Zero Knowledge Proofs to verify original government-issued documents without involving intermediaries who would do that verification and issue attestations. This allows Web3 and Web2 platforms alike to perform identity verification in a private manner.
FinSMEs
29/06/2023