Madrid based startup Sybol has successfully raised over 1 million EUR in a new funding round that combines both public and private investment. The round was led by the Spanish Society for Technological Transformation which is a public entity operating under the Ministry for Digital Transformation and Public Administration.
Additional participants in the investment include Grupo Synaptia, Bolboreta Innova Group, Venturade, and Chromata Invest. Sybol specializes in corporate digital identity and verifiable credentials, providing a platform that allows organizations to issue and manage digital certificates.
The company will utilize the newly acquired capital to accelerate the rollout of its enterprise verification platform. Furthermore, the funds will support the development and expansion of its corporate wallet which aligns with emerging European frameworks such as eIDAS2 and the European Business Wallet. This funding marks a significant milestone for the firm as it looks to advance the digitalization of enterprise verification processes.
Additional participants in the investment include Grupo Synaptia, Bolboreta Innova Group, Venturade, and Chromata Invest. Sybol specializes in corporate digital identity and verifiable credentials, providing a platform that allows organizations to issue and manage digital certificates.
The company will utilize the newly acquired capital to accelerate the rollout of its enterprise verification platform. Furthermore, the funds will support the development and expansion of its corporate wallet which aligns with emerging European frameworks such as eIDAS2 and the European Business Wallet. This funding marks a significant milestone for the firm as it looks to advance the digitalization of enterprise verification processes.