US Capital Global Securities advised CardLab ApS on securing $10 million in convertible note financing to enhance its smart card cybersecurity solutions.
Information on the Target
CardLab ApS is a pioneering Danish firm specializing in smart card cybersecurity solutions that leverage next-generation biometric technologies. The company excels in providing advanced technical design and manufacturing support for biometric card systems, enabling seamless integration into existing cybersecurity frameworks. CardLab boasts a comprehensive portfolio of sophisticated biometric card solutions, supplemented by a robust backend authentication system.
With an extensive intellectual property portfolio, CardLab owns over 200 patents globally. The company has received grants from the EU Innovation Council in addition to support from various institutional investors. Notably, CardLab secured pilot orders approved by the US Department of Defense but faced delays due to supply chain disruptions caused by the COVID-19 pandemic.
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Industry Overview in Denmark
The cybersecurity industry in Denmark has been rapidly evolving in response to increasing digital threats and the growing demand for secure identity verification methods. Denmark is recognized for its strong emphasis on innovation a
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US Capital Global Securities LLC
invested in
CardLab ApS
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $10M