[ Nymi raises $10.99M in Series B ]

Nymi has raised $10.99 million in Series B funding.

Founded in 2011, Nymi develops biometric and authentication technologies and applications for consumer electronics. Its first product – the Nymi Band – is a wearable, multi-factor authenticator that can be used with any application, device or service for persistent authentication. With the Nymi Band, the traditional model of authentication can be transformed into a secure and seamless experience for enterprises and end-users.

This new round of financing, with the support of existing investors and the addition of GII Tech Ventures, provides Nymi with the necessary resources to enter the next phase of scaled deployments.

Funding  Series B
Founded  2011
Country  Canada
City  Toronto, Ontario
Founder / CEO  Karl Martin
Deal Size  $10.99M
Investors  Relay Ventures
 Ignition Partners
 GII Tech Ventures
Previous Investors  Export Development Canada
Salesforce Ventures
 MasterCard
 FundersClub
 Ajay Agrawal
 Archangel
 Nigel Stokes
 Ignition Partners
 Relay Ventures
 Dennis Bennie
 Lee Lau
 Daniel Debow
 Erik Lithopoulos
 Nick Koudas
 Greg Wolfond
 Nilesh Bansal