- Round2 Capital provides EUR 2.5m revenue-based financing to Nect, a leader in digital identity solutions
- Nect’s patented technology combines high security and top-rated user-friendliness as the foundation for the rapid growth to already 12 million users of the Nect Wallet.
- The funding will support Nect’s market expansion and secures the pole position into new era and business model for the ID-Verification (IDV) industry.
Vienna, March 25th, 2025
German tech company Nect has introduced the first fully automated, AI-driven solution for digital identity verification, eliminating the need for human intervention. By setting new benchmarks for security and user experience, Nect is reshaping the industry. With backing from Round2 Capital, the company is poised to strengthen its leadership in the EU and accelerate global expansion.
Founded in 2017, Nect quickly gained recognition for its identity verification technology, supported by early government grants and seed investments. By 2020, Nect had scaled its services significantly, playing a key role in critical projects such as COVID-19 relief efforts. In 2021, Nect’s automated ID verification method became the first AI-based, non-human intervention needed, solution certified to deliver same level of trust as ID-Verification in physical presence according to the EU’s eIDAS regulations and German local requirements set by the Federal Network Agency and the Federal Office for Information Security.
Since then, Nect has maintained a strong upward trajectory, extending Nect Ident into a multi-method ID-Verification and launching new products like the Nect Wallet and Nect Sign, a qualified electronic signature (QES) solution, which have been successfully adopted across industries such as banking, insurance, telecommunications, and government. In recognition of its growth, Nect has been named one of Germany’s fastest-growing companies by Deloitte in both 2023 and 2024.
The global digital identity verification market is experiencing strong growth as businesses and governments increasingly seek secure, user-friendly, and scalable solutions for online interactions. With evolving regulations and rising demand for remote services, Nect is well-positioned to capitalize on this trend. With its innovative technology, strong customer base, and already operationally profitable business, the company is well-equipped to take a leading role in the growing digital identity market and expand its presence further.
The revenue-based financing investment, with its flexible repayment structure, is perfectly suited to Nect’s business model. This non-dilutive funding allows shareholders to maintain full control of the company while capitalizing on new growth opportunities. It gives Nect the financial flexibility to scale operations, innovate its product offerings, and expand into new markets without having to dilute equity.
Benny Bennet Jürgens, CEO of Nect, commented:
“We have built our foundation of 12 million users on one key principle: We design the best solutions for the user and build and invent the security technology to match. With the support of Round2 Capital, we look forward to expanding into new markets, driving innovation and leading the industry into a new era.”
Stefan Nagel, Managing Partner at Round2 Capital, added:
“Nect’s leadership in the digital identity space is a testament to their innovation and adaptability. We are proud to support their continued growth and look forward to seeing their solutions revolutionize digital identity verification on a global scale.”
About Nect
Founded in 2017, Nect is a German-based provider of cutting-edge digital identity solutions. The company’s products, Nect Wallet, Nect Ident and Nect Sign, use AI and biometrics to offer secure, user-friendly, and eIDAS-compliant identity verification and electronic signature services. With a strong presence in Germany, Nect has proven the value of its technology in the most demanding regulatory environment. Nect is now focusing on expanding its reach internationally, expanding its product line for Business Customers as well as building new business models in the era of Identity-Wallets.
For more information about Nect, please visit: Website | LinkedIn
Press contact for Nect:
Anna Abraham | aa@nect.com | +49 152 533 86 133
About Round2
Round2 Capital is a fast-growing pan-European growth investment firm with EUR 170m under management. Based in Vienna, the firm is a strong partner for European scale-ups and companies with digital and sustainable business models. Since its foundation in 2017, Round2 Capital has been pioneering revenue-based finance in Europe and is active in several European countries with both revenue-based finance and growth equity investments. To date, Round2 Capital has invested in 40 different software and technology scale-ups across 9 jurisdictions.
Round2 Capital is backed by the European Investment Fund (EIF) to support technology companies in the European Union. Round2 Capital Partners II is partially funded under the so-called “Mezzanin Dachfonds für Deutschland Fazilität 2”, a facility managed by EIF for the ERP Sondervermögen, represented by the German Federal Ministry for Economic Affairs and Energy (“Bundesministerium für Wirtschaft und Energie”), LfA-Gesellschaft für Vermögensverwaltung mbH and NRW.Bank Anstalt des öffentlichen Rechts.
For more information about Round2 Capital, please visit: Website | LinkedIn
Press contact for Round2:
Julian Bejer | jb@round2cap.com | +43 150 300 34
