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We've Closed $14M Series A Financing From Ignition, MasterCard and Relay Ventures

September 24, 2014


This morning we are pleased to announce that we’ve closed our Series A funding. Ignition Partners and Relay Venture led the funding, with other investors including Export Development Canada (EDC), MasterCard, and Salesforce Ventures, salesforce.com’s corporate investment group.

This funding comes as we are ramping up our manufacturing capabilities to support our consumer, partner and developer demands. It is not only going to help us meet all of our manufacturing milestones, but it will also help us continue to build the world-class team, and network of partners we need to make a responsive Nymi ecosystem.

This funding will help us become the platform for persistent trusted identity everywhere.

Our CEO, Karl Martin, said it best:

“This is a significant milestone for Bionym. We’re establishing the Nymi as the de facto platform for persistent, trusted identity, and this round of financing is providing us with the resources needed to bring the platform to market. We continue to grow our world-class team, solving hard problems around persistent authentication, seamless and trusted interactions, and hyper-personalization of experiences. We’re at the forefront of a revolution in identity-based interactions with devices and services, and our momentum continues to grow with the support of our investors and strategic partners.”

Andrew followed up with a word on Salesforce, MasterCard and an expanding partner ecosystem:

“MasterCard and Salesforce have demonstrated a real commitment to our company and building on the Nymi platform. We're excited to work with our rapidly expanding partner ecosystem to create trusted, personalized experiences for them, their customers and employees, and solve some of their most pressing business problems.”

We are currently reaching our 40th employee, and have just moved offices to downtown Toronto (we’ll have pictures for you soon). This funding will help us continue to build a world-class team. If you’re interested in joining the Nymi Team, please visit: http://www.getnymi.com/careers/

As we near our ship date later this fall, we will begin to reach out to our preorders in the coming weeks. Look out for emails! Continue to follow @Nymiband on Twitter for the latest news!


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