When was Authenteq founded?

Authenteq was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Authenteq located?

Authenteq is headquartered in Reykjavik, Iceland.

How many employees does Authenteq have?

As of Jul 01, 2024, the latest employee count at Authenteq is 16.

Is Authenteq a funded company?

Authenteq is a funded company, having raised a total of $6.49M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2015.

When was the latest funding round of Authenteq?

Authenteq's latest funding was a $***** Series A round on Jan 14, 2019, with participation from 2 investors.

Where does Authenteq rank among its competitors?

Authenteq ranks 212th amongst 1999 active competitors, of which 392 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Sift, which secured $507K in Oct, 2025.

Who are the top competitors of Authenteq?

Authenteq's top competitors include Avaloq, IDnow and Sift. Among them, Sift secured the most recent funding round in October, 2025.

Authenteq - 2026 Company Profile, Team, Funding & Competitors

Authenteq is an acquired company based in Reykjavik (Iceland), founded in 2015 by Kari Thor Runarsson. It operates as a Networked automatic customer identity verification platform for marketplaces. Authenteq has raised $6.49M in funding from investors like Initial Capital, Draper and Cavalry Ventures. The company has 1999 active competitors, including 392 funded and 285 that have exited. Its top competitors include companies like Avaloq, IDnow and Sift.

Company Details

Networked automatic customer identity verification platform for marketplaces. It verifies the identities of users and sellers for transactions on marketplaces. ID verification is done automatically using its proprietary technology by comparing the ID and a recent photo with face recognition technology.

Website: authenteq.com
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Key Metrics

Founded Year

2015

Location

Reykjavik, Iceland

Stage

Acquired

Total Funding

$6.49M in 4 rounds

Latest Funding Round

Series A, Jan 14, 2019, $*****

Investors

Initial Capital & 6 more

Ranked

212^th among 1999 active competitors

Employee Count

16 as on Jul 01, 2024

Similar Companies

Avaloq & 2350 more

Exit Details

Acquired by FNZ (Nov 01, 2022)

View Authenteq's full profile

Authenteq got acquired by FNZ on Nov 01, 2022.

Click here to take a look at Authenteq's acquisition in detail

Authenteq has raised a total funding of $6.49M over 4 rounds. Its first funding round was on 2015. Its latest funding round was a Series A round on Jan 14, 2019 for $*****. 2 investors participated in its latest round. Authenteq has 7 institutional investors.

Here is the list of recent funding rounds of Authenteq:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 14, 2019	6253440	Series A	9348362	7686400	7058730	7882665
Nov 28, 2017	1652866	Seed	5079465	8721911	2575520	Draper
2015	4829	Seed	6287	9370	5143	9717

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View details of Authenteq's funding rounds and investors

The founders of Authenteq is Kari Thor Runarsson.

Here are the details of Authenteq's key team members:

Kari Thor Runarsson: Former Founder of Authenteq.

View details of Authenteq's Founder profiles and Board Members

Authenteq's employee count trend

Authenteq has 16 employees as of Jul 24. Here is Authenteq's employee count trend over the years:

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Top competitors of Authenteq include Avaloq, IDnow and Sift. Here is the list of Top 10 competitors of Authenteq, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avaloq 1985, Zurich (Switzerland), Acquired	Cloud-based solutions for financial institutions	$301M	BlackRock, Warburg Pincus & 3 others	76/100
2nd	IDnow 2010, Munich (Germany), Acquired	Provider of automated and expert-led identity verification and digital trust services	$40M	Seventure Partners, BayBG Venture Capital ... & 40 others	75/100
3rd	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Spark Capital & 22 others	75/100
4th	Jumio 2010, Sunnyvale (United States), Acquired	Provider of AI-powered identity verification solutions	$201M	Millennium Technology Value Partners, Great Hill Partners ... & 10 others	74/100
5th	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	73/100
6th	Profitero 2009, Dun Laoghaire (Ireland), Acquired	Platform offering E- Commerce analytics solutions	$28.2M	Scaleworks, Seedcamp & 10 others	73/100
7th	Broadridge 2007, United States, Public	Provider of tech solution for financial service and customer communication	-	Back Bay Group, Zühlke & 4 others	73/100
8th	Riskified 2013, New York City (United States), Public	AI-based payment fraud prevention solutions for e-commerce solution	$232M	Founder Collective, Genesis Partners & 21 others	73/100
9th	Altruist 2018, Culver City (United States), Acquired	Portfolio management software for financial advisors	$602M	Venrock, Insight Partners & 17 others	72/100
10th	Digio 2016, Bengaluru (India), Seed	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	72/100
212th	Authenteq 2015, Reykjavik (Iceland), Acquired	Networked automatic customer identity verification platform for marketplaces	$6.49M	Initial Capital, Draper & 5 others	49/100