The Munich-based startup IDnow has been developing AI-supported technologies for identity verification since its founding in 2014. The solutions meet the high security standards of global companies in industries such as financial services, telecommunications, and mobility.
Already in 2019 Corsair invested in IDnow – at that time in the form of a minority stake. Since then, the company has expanded its portfolio and completed two strategic acquisitions. the startup into new regions and also took part in France a leading position. The current majority acquisition is intended to further accelerate growth.
Andreas Bodczek, CEO of IDnow, commented:
"Since our founding over a decade ago, IDnow has grown into a market leader in identity verification in Germany and France. We have achieved considerable success in terms of our results and the expansion of our customer base. With today's announcement, we are positioning ourselves for future success. Corsair's continued investment underscores their confidence in our vision and speaks to the synergies we have created through our collaboration. By deepening our partnership, we ensure that our platform continues to evolve in line with market developments."
“IDnow has developed strong momentum”
The investors of Corsair see great opportunities in deepening cooperation:
"Since our initial investment, we have witnessed IDnow build strong momentum and reach impressive scale. We are excited to deepen our partnership with its strong management team. At the same time, we look forward to supporting IDnow in a new chapter of innovation and growth,"
explain Raja Hadji-Touma and Edward Wertheim, partner at Corsair.
Felix Haas, Executive Chairman and Co-Founder of IDnow, emphasizes:
"Building IDnow with Armin Berghaus, Dennis von Ferenczy, and Sebastian Bärhold has been an incredible journey. Corsair's investment opens the opportunity to consolidate our expertise and capitalize on the significant opportunities in the market. Corsair's resources and expertise will help accelerate growth and unlock new opportunities for the company. I am confident that this partnership will drive progress and expansion that will benefit IDnow, its customers, and the entire industry."
With the majority stake in IDnow, Corsair strengthens its position in the industry and underscores its long-term strategy of supporting leading technology companies. The company plans to further expand its offerings and expand its presence in Europe.
