Polish fintech startup Autenti raises €8.5M

The Poznan-based fintech startup Autenti has raised a €8.5 million investment round to expand the customer base. 3TS Capital Partners and Elevator Ventures, two new investors, are also joined by several existing backers.

• Founded in 2013 by Grzegorz Wójcik, Tomasz Plata, and Bartosz Wojciechowski, Autenti is a platform for authorizing documents and concluding contracts via the internet. It combines electronic signatures, innovative technology, and a legal environment based on European and national regulations.
• The service can be used among business partners (B2B), but also with consumers (B2C), and employees (B2E). Autenti simplifies and shortens the traditional legal processes as well as reduces the costs, all by making everything paperless. According to the company, it provides the first solution of this type in Poland and one of the few in Europe.
• 3TS Capital Partners and Elevator Ventures are the new investors in this round. 3TS is one of the leading European technology focused growth capital firms. And Elevator is a VC fund from Raiffeisen Bank International, focusing on early stage and growth investments in fintech.
• Several existing investors also joined the round, including PKO TFI, BNP Paribas Bank Polska, Alior Bank SA, Black Pearls VC, and Innovation Nest. You can read more about these funds in our Top 25 most active Polish VC funds 2022 ranking, here.
• Using the fresh funding, Autenti aimes to have the full European presence and expand to increase its customer base sevenfold in next three years.