Autenti, a Polish platform for approving documents and signing contracts online, has secured €8.5 million capital in a Series B funding round. Prior to this Polish hyperloop startup Nevomo got funded and sustainable packaging startup Packhelp raised funding.
Autenti’s existing strategic shareholders, including Alior Bank, Bank BNP Paribas, PKO BP, Black Pearls VC, and Innovation Nest participated in the round along with new investors 3TS Capital Partners and Elevator Ventures, the CVC of Raiffeisen Bank International, which co-led the new round.
3TS is one of the leading European technology-focused growth capital firms while Elevator is a VC fund from Raiffeisen Bank International, focusing on early-stage and growth investments in fintech.
Growth plans for Autenti
Autenti will use the fresh funds to establish a strong European presence and expand to increase its customer base sevenfold in the next three years. Autenti has already taken its first steps into international markets, operating in Spain, the Czech Republic, Slovakia, and Germany.
“This investment, the second in our new Fund IV, fits 3TS’s investment strategy perfectly. We concentrate on highly scalable technology companies with unique products. After building an innovative, functional platform for secure digital signing and automated document workflow with a leading position in Poland, Autenti is ready for international expansion to create a regional leader. This is the perfect timing for 3TS’ investment, as we have the knowledge and experience in scaling businesses into multiple markets,” said Zbigniew Łapiński, Senior Partner at 3TS.
“Thousands of small and medium-sized enterprises and numerous blue chip companies have verified Autenti’s product. We believe that by combining the platform’s holistic architecture with solid team performance and executive skills in enterprise scaling, Autenti can achieve a dominant position in the competitive e-signature market,” said Thomas Muchar, Managing Director at Elevator Ventures.
“Grzegorz & Tomasz are truly exceptional founders. As a Board Member since our initial investment in 2017 I have a privilege of supporting them and watching them grow in their entrepreneurial journey navigating the company from a Seed stage to Series B. Autenti’s unparalleled solution is validated by solid traction and position as the market leader in that part of the world. As one of the first investors, we are happy to back them for the third time. We also welcome new investors: 3TS and Elevator Ventures who will certainly play a key role in Autenti’s further international expansion,” added Marcin P. Kowalik, Managing Partner at Black Pearls VC
Brings One-click e-signature
Founded in 2013 by Grzegorz Wójcik, Tomasz Plata, and Bartosz Wojciechowski in Poland, Autenti is a platform for authorising documents and concluding contracts via the internet. It combines electronic signatures, innovative technology, and a legal environment based on European and national regulations. The company will empower businesses to digitally transform and eliminate off-line methods of signing paper documents, as well as transition to more environmentally sustainable organisations with its paperless, one-click e-signature.
Autenti addresses the critical, must-have needs of process optimisation for nearly 4,500 clients from various segments, which also includes implementations by the most demanding clients, such as some of the largest international banks, as well as foreign and Polish corporations. Its portfolio also consists of clients headquartered outside Poland, including Microsoft, Decathlon, Ikano Bank, Toyota Leasing, Siemens Finance, Vienna Life, and many more.
