ID-Pal, a global identity verification provider, has secured €7 million (£6 million) in a Series A funding round led by Inspire Investments to further fuel expansion into international markets.
The round was led by Inspire Investments with confidence shared by Act Venture Capital who have now participated in ID-Pal’s last two rounds. Inspire Investments is led by Derek Delaney, CEO of Waystone, and is the private holding company for the management of Waystone.
This new wave of funding will allow the Dublin-based identity verification company to further scale its global sales and marketing efforts to meet the growing demand for the solution following its official UK launch earlier this year.
