Funding

[Funding alert] Legitify Secures €1.5Million in Seed Funding

Mar 8, 2024 | By Team SR

Legitify Secures €1.5million in seed funding. It was established in the fall of 2020 in Stockholm, Sweden, by co-founders Aida Lutaj, who served as CEO, and Arko Ganguli, who served as CPO.

Legitify Secures €1.5million in seed funding. It was established in the fall of 2020 in Stockholm, Sweden, by co-founders Aida Lutaj, who served as CEO, and Arko Ganguli, who served as CPO.

The organization enables businesses and people to easily notarize and certify documents online, overcoming conventional jurisdictional barriers and replacing in-person procedures with an easy-to-use and reasonably priced online option.

Read also - Kurs Orbital Secures €3.7 Million in Seed Funding

In Europe and beyond, the company establishes a new benchmark for online document certification and notarization. It covers industries like financial services, legal services, consulting, real estate, and more, and it has served over 1,100 clients to date.

Actium Partners, Redbay Ventures, Enterprise Ireland, and other investors have contributed to this funding, which is headed by Verb Ventures.

Aida Lutaj, CEO of Legitify, shared her enthusiasm: "This funding round, spearheaded by Verb Ventures, represents a significant leap forward for Legitify. It not only reinforces our commitment to making cross-border legal processes smoother and more accessible but also paves the way for us to expand our product offering, introduce AI-powered enhancements to our solution and broaden our operational reach. We're excited to solidify our position as a leader in tech-enabled notarisation and essential business services as we expand into new markets."

Alexander Chikunov, Founding Partner at Verb Ventures, shared: "In a remarkably short time, Legitify has emerged as a frontrunner in providing a seamless notarisation solution to professionals across various industries. Their innovative platform addresses a critical need in a market that sees billions of certifications and notarisations annually. We're thrilled to support Legitify's growth ambitions and their journey to introduce new products and solutions to their customers."

Donnchadh Cullinan, Department Manager ICT HPSU at Enterprise Ireland, adds: "We are delighted to support Legitify as the company continues to remove the complexity and barriers to notarisation processes for individuals and companies through its innovative online notarisation solution to simplify cross-border transactions. Legitify facilitates the seamless processing of certifying and notarising legal documents online remotely across different jurisdictions, helping businesses grow globally. This is an exciting growth phase for the company, and we look forward to working with the Legitify team on its ambitious plans."

Javier Extebeste, Chairman of Rebay Ventures, shares: "We believe that superior products develop superior businesses. Legitify and its founders accumulate the drive, user understanding and legal expertise to build superior products and continue as a frontrunner in the massive digital notarisation market."

About Legitify

Legitify assists businesses and people worldwide in meeting their routine notarization requirements by enabling them to schedule their notarization appointments online, resulting in a streamlined and cost-effective process.

Read also - Paris-based Zama Secures $73 Million in Series A Round Funding

Recommended Stories for You