Round2 Capital has invested EUR 2.5 million in Nect, a leading provider of digital identity solutions, to expedite its market expansion and innovation in the ID-Verification industry.

Information on the Target

Nect, founded in 2017, is a pioneering German technology firm specializing in digital identity solutions. The company has quickly garnered recognition for its patented, fully automated, AI-driven technology that revolutionizes digital identity verification by removing the need for human intervention. This innovative approach has enabled the company to amass a user base of 12 million for its Nect Wallet, underpinning Nect's commitment to security and user-friendly solutions.

Through its various offerings, including Nect Ident and Nect Sign, Nect provides secure identity verification and electronic signature services compliant with EU regulations such as eIDAS. Nect has showcased its technology across essential sectors including banking, insurance, telecommunications, and government, earning accolades for its rapid growth, including recognition as one of Germany's fastest-growing companies by Deloitte in 2023 and 2024.

Industry Overview in Germany

The digital identity verification sector in Germany is experiencing significant expansion as both businesses and governmental organizations increasingly demand secure and efficient solutions for online