BlueID closes a € 3.0 Million Financing Round with eCAPITAL as new Investor

BlueID announces the successful closing of a capital increase by eCAPITAL entrepreneurial Partners, HCS Beteiligungen and Helvetia Venture Fund. The funding unlocks BlueIDs growth potential for its cloud-based access control and access management platform that turns smartphones into secure digital keys and thus enables secure opening of doors via mobile devices. The investment into BlueID further emphasizes the position of eCAPITAL’s cybersecurity fund as the only such VC fund in Germany exclusively dedicated to investments into cybersecurity start-up companies.

BlueID is a pioneer for mobile keys and cloud-based access control. The firm’s hardware-independent solution has already been integrated into the systems of numerous access solution providers and system integrators in the automotive and facility markets. Among the customers of BlueID’s Mobile-Key-as-a-Service are Sensorberg, Audi, VW, Dorlet, TKH Security and CISA, who benefit from the highly secure end-to-end access control solution for mobile phones and smart cards as well as from the broad product portfolio of already integrated hardware partners like Uhlmann & Zacher, ISEO, Autec and Südmetall. BlueID’s APIs and SDKs for software developers enable service providers to scale and combine as many IoT objects, mobile devices and systems as required, while guaranteeing a convenient integration and best experience for end users.

Using a highly secure asymmetrical certificate process based on a Public-Key-Infrastructure (PKI), BlueID creates robust identities and continually protects the reliability of authorizations via tokenization. Trusted by companies with the highest security standards, BlueID has demonstrated its strategic value and great potential particularly in the strongly growing PropTech market, which raised nearly 15 billion dollars in investments in 2018.

On the basis of its experience and network in cybersecurity, eCAPITAL invests especially into the marketing and sales expansion of BlueID to further strengthen the position of the company in the automotive and facility markets.

Philipp Spangenberg,
CEO of Blue-ID

“We are proud to support BlueID’s commitment to offer the best mobile keys technology and to set the highest security standards in the PropTech market. BlueID brings a strong addition to our cybersecurity portfolio with its robust cryptography, state-of-the-art security processes and highly experienced team.” declares Hannes Schill, Partner at eCAPITAL.

About BlueID
BlueID GmbH delivers secure, scalable and compliant digital access innovation. The BlueID solution is a complete cloud-based access rights management platform that turns smartphones into secure mobile keys. It enables mobile device authentication and thus object control through a highly secure and robust Public-Key-Infrastructure (PKI). With over a decade of experience, the BlueID solution is hardware-independent and applies to the most diverse IoT verticals. Learn more at www.blueid.net

About eCAPITAL
eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany and currently manages funds with over EUR 220 million under management.

Contact
BlueID GmbH
Isabelle Vieira
Marcel-Breuer-Strasse 15
80807 Munich, Germany
Tel.: +49 89 809 9026 00
eMail: isabelle.vieira@blueid.net
Internet: www.blueid.net

eCAPITAL ENTREPRENEURIAL PARTNERS AG
Sylvia Richter
Hafenweg 24
48155 Münster, Germany
Tel.: +49 251 70 37 67 0
eMail: info@ecapital.vc
http://www.ecapital.vc