Evrotrust, a European identity and qualified trust service provider, has secured €6.6 million in funding from TCEE Fund IV, advised by 3TS Capital Partners, to support its expansion across Germany, Austria, and Central and Eastern Europe. The investment comes amid rising demand for compliant digital identity and signing solutions as the European Union moves toward adopting interoperable digital identity frameworks.
The company offers a fully reusable digital identity platform compliant with the EU’s eIDAS regulation, which includes remote identity verification, qualified electronic signatures, timestamps, and electronic delivery. It is an EU-notified electronic identification scheme supervised at the European level and is listed on the EU Trusted Lists for qualified trust services. The platform currently supports more than 2 million users from 61 nationalities and more than 200 enterprises across 11 countries.
The introduction of the updated EU digital identity framework eIDAS 2.0, which took effect on May 20, 2024, requires interoperable digital identity wallets across member states. Evrotrust’s platform is designed to help both public and private institutions comply with these standards while reducing onboarding time, streamlining identity verification, and enhancing the user experience.
In Germany and Austria, enterprises are utilizing Evrotrust to centralize onboarding and signing workflows, ensuring adherence to AML, KYC, and eIDAS 2.0 requirements. The company aims to simplify digital access to financial services, healthcare systems, educational platforms, and public services, while improving fraud protection and enhancing cross-border accessibility.
As the European Commission’s Digital Decade targets 80% adoption of EU Digital Identity Wallets by 2030, the market for e-signature and identity services is projected to expand significantly. Evrotrust plans to scale its technology and customer base to meet this growing demand across the DACH and CEE regions.
KEY QUOTES:
“Digital identity is becoming a cornerstone of Europe’s digital infrastructure. Evrotrust’s technology and momentum position them to become the regional leader, and we’re thrilled to support their next phase of expansion.”
Pekka Mäki, Managing Partner at 3TS
“Our goal is to remove friction from everyday identity verification for users and enterprises in Germany, Austria and the CEE region, making processes like opening a bank account or signing a contract feel effortless”
Konstantin Bezuhanov, CEO of Evrotrust
