Encap Lands $2,000,000 New Financing Round

  • Feed Type
  • Date
    6/14/2013
  • Company Name
    Encap
  • Mailing Address
    Undisclosed Palo Alto, CA 94303
  • Company Description
    Encap set out to challenge existing desktop authentication solutions. We enable easy, low cost application-centric software from the Cloud. Our proven, patented two factor authentication process is used and certified by major banking institutions and technology integrators.
  • Website
    http://www.encapsecurity.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company will use the funding to further develop the solution and take it to new markets outside of Scandinavia, specifically the U.S.
  • M&A Terms
  • Venture Investor
    ProVenture Seed