Capnamic backs iWelcome

Existing shareholders also took part in the round, including Filsa and Newion Investments.

The fresh capital will be used to expand into new target markets within Europe and solidify iWelcome's market position.

The company says its focus on customer privacy will ensure its compliance with the incoming general data protection regulation (GDPR).

Previous funding
Newion and Filsa led a series-A for iWelcome in December 2012. Both investors also took part in the company's series-B alongside PPM Oost in January 2016.

Company
Founded in 2011, iWelcome develops identity and access management software. It allows organisations to manage employee, partner and customer credentials, and access rights across internal, external and cloud applications. The company is headquartered in Amersfoort, Netherlands.

People
Capnamic Ventures – Jörg Binnenbrücker (managing partner).
Connected Capital – Mathijs Robbens (managing partner).
iWelcome – Danny de Vreeze (CEO).

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• Topics
• Expansion
• Benelux
• Technology
• Venture
• Netherlands