Startup Legitify Secures €1.5M for Online Notarisation Solution

Dublin-based startup Legitify secures €1.5M in Seed funding to revolutionize digital notarization. Who are the investors, and what's the startup's vision? How will it simplify cross-border transactions? Read on.

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Dublin, Ireland based online notarisation startup Legitify has announced the successful closure of a Euro 1.5 million Seed funding round. Established in 2020 in Stockholm, Sweden, Legitify has rapidly become a frontrunner in the digital notarisation market, transcending traditional boundaries and redefining in-person processes.

Legitify was co-founded by Aida Lutaj (CEO) and Arko Ganguli (CPO) with a vision to revolutionize online document certification and notarisation across Europe and beyond. The company's intuitive and cost-effective solution has attracted over 1,100 customers from diverse sectors, including financial services, legal services, consulting, and real estate.

What is Notarization?

Notarization, crucial for document integrity, has evolved from paper-based to efficient online services. Online notary services enable a business to notarize a document electronically via secure identity verification, comprehensive electronic notarial journal, record-keeping tools, and other security features. Properly procured online notarization is legally valid, like in-person and paper-based notarization. 

Who Were the Investors?

The Seed funding round, led by Verb Ventures, witnessed contributions from notable entities such as Enterprise Ireland, Actium Partners, Redbay Ventures, and other investors. This infusion of capital positions Legitify to set a new standard for online notarisation services and expand its operational reach.

Aida Lutaj, CEO of Legitify, expressed her enthusiasm for the funding round, stating, "This funding round, spearheaded by Verb Ventures, represents a significant leap forward for Legitify. It not only reinforces our commitment to making cross-border legal processes smoother and more accessible but also paves the way for us to expand our product offering, introduce AI-powered enhancements to our solution, and broaden our operational reach."

Javier Extebeste, Chairman of Redbay Ventures, said, "We believe that superior products develop superior businesses. Legitify and its founders accumulate the drive, user understanding, and legal expertise to build superior products and continue as a frontrunner in the massive digital notarisation market."

Investors' Perspective

Alexander Chikunov, Founding Partner at Verb Ventures, emphasized Legitify's rapid emergence as a frontrunner in providing seamless notarisation solutions to professionals across various industries.

He said, "In a remarkably short time, Legitify has addressed a critical need in a market that sees billions of certifications and notarisations annually. We're thrilled to support Legitify's growth ambitions and their journey to introduce new products and solutions to their customers."

Donnchadh Cullinan, Department Manager ICT HPSU at Enterprise Ireland, highlighted the organization's delight in supporting Legitify's efforts to simplify cross-border transactions.

Cullinan expressed, "Legitify facilitates the seamless processing of certifying and notarising legal documents online remotely across different jurisdictions, helping businesses grow globally. This is an exciting growth phase for the company, and we look forward to working with the Legitify team on its ambitious plans."

Charting a Path to Leadership in Tech-Enabled Notarisation

As Legitify secures this substantial funding, the company can now expand into new markets and introduce AI-powered enhancements. Legitify is well-positioned to shape the future of online notarisation and simplify complex legal processes for individuals and enterprises globally.

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