Funding and Acquisitions Roundup: Encap secures $2M in new Seed funding for its alternative to two-factor authentication

By Editor June 14, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

Oslo, Norway-based security software startup Encap has raised $2 million in a second round of Seed funding. The new capital comes from early stage VC ProVenture Seed. The company has developed an alternative to two-factor authentication that it claims is more secure and works across devices and platforms. Encap was founded in 2007 and raised $840,000 in its first Seed funding round back in early-2010.

Vital Stats:


HQ: Oslo, Norway

Year Founded: 2007

Investors: ProVenture Seed, Alliance Venture

Innovation: A device and platform agnostic alternative to two-factor authentication.

Total Funding: $2,840,000

(Sources: Encap, TechCrunch)

More funding and acquisitions news…

Boxee acquired by … someone, announcement coming next week (exclusive) (via VentureBeat)

Plum District Has Acquired AngelPad-Backed Spotivate For An Undisclosed Amount (via TechCrunch)

Steve Case’s $20M investment in Lolly Wolly Doodle proves the value of social commerce (via TechCrunch)

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