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SAFE ID Solutions AG secures over €10 million in second-round growth financing


Over the course of the past two years, SAFE ID has established itself as a leading provider of fully integrated and highly secure passport personalization solutions with installations in more than 25 countries. The second round of financing will give SAFE ID a new boost toward globalization, as explained by Karsten Neugebauer, the CEO and founder of SAFE ID Solutions: “We will now be able to further strengthen our position as the leading player in the passport personalization market and expand our global reach.” A second objective is to dedicate greater focus and resources on the company’s positioning as a security software provider. Identity and process management are issues that go far beyond pure government applications and represent a large field of activity for SAFE ID in the future.

The company’s performance and cutting edge technology were what convinced the main SAFE ID shareholders, Atlas Venture and Wellington Partners, to co-lead the second round. “As more and more countries introduce e-passports, we are seeing huge momentum for SAFE ID,” notes Frank Böhnke of Wellington Partners.

The rapid growth of SAFE ID has also attracted the National Innovation Fund of Kazakhstan as a new investor with roots in the fast-growing Asian market. The National Innovation Fund of Kazakhstan is an entity that is particularly targeting young and ambitious technology companies worldwide with solutions that are made for a global market. The NIF’s main objective is to assure technology and know-how transfer to Kazakhstan and the entire Central Asian region. “SAFE ID was the vehicle of choice for our first foreign investment in the IT/Security sector this year. The company has a proven track record as a flexible, well structured organization that addresses an extremely interesting market segment with a convincing management team,” says Nurbek Rayev, the Chairman of the National Innovation Fund of Kazakhstan.


Publisher Contact Information:

SAFE ID Solutions AG
+49 89 45222588
martin.beyerlein@safe-id.de

Company profile of SAFE ID Solutions AG
Past press releases of SAFE ID Solutions AG.

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