Sybol, a Spanish startup specialised in corporate digital identity and verifiable credentials, has closed a funding round of over € 1 million to accelerate the deployment of its enterprise verification platform and its corporate wallet based on digital identity.
The round combines public and private investment and is backed by the Spanish Society for Technological Transformation (SETT), a public entity under the Ministry for Digital Transformation and Public Administration, as well as a group of investors including Repsol, Grupo Synaptia, Bolboreta Innova Group, Tritemius, Venturade, and Chromata Invest.
“The progress of eIDAS2 and the European Business Wallet opens a new chapter for corporate digital identity. Sybol enables companies to start preparing with a corporate wallet designed for this new framework,” says Raúl López, CEO of Sybol.
Sybol’s funding sits within a broader European wave of investment in digital identity and adjacent trust infrastructure:
- Netherlands: Duna in Amsterdam, which raised €10.7 million in May 2025 to simplify business identity, followed by a further €30 million in February 2026 to expand compliant AI for business identity and onboarding; and Ver.iD in Amsterdam, which raised €2 million to expand its digital identity verification platform ahead of eIDAS 2.0
- UK: OneID in Stratford-upon-Avon, which secured €19.1 million to grow its bank-verified digital identity services; Keyless in London, which raised €1.9 million to strengthen biometric authentication against deepfake-related threats; Yaspa in London, which secured €10.1 million to expand payment and identity services in regulated sectors; and Diligent AI in London, which raised €2.1 million to automate KYC and AML workflows.
- Latvia: Handwave in Riga, which raised €3.6 million for its biometric payments and identity platform
Taken together, these rounds amount to over €79 million, or more than €80.5 million including Sybol’s round, indicating sustained investor interest in identity, verification, and compliance infrastructure. Within that set, Sybol stands out for its narrower focus on corporate digital identity, verifiable credentials, and enterprise certificate exchange aligned with eIDAS2and the proposed European Business Wallet model.
Founded in 2025, Sybol enables companies and organisations to issue, share, and verify digital certificates linked to their identity, facilitating secure information exchange and the digitalisation of enterprise verification processes.
With today’s funding, Sybol will drive the adoption of its platform in corporate environments, where companies need to share information with third parties in a secure, verifiable, and reusable way, replacing manual processes and hard-to-validate documentation.
The new European eIDAS2 regulation introduces a common digital identity framework that will allow citizens and companies to use digital wallets to identify themselves and share verified information across the European Union. In this context, Sybol is developing a corporate wallet aligned with this regulatory evolution and with the Business Wallet model being proposed in Europe.
The platform enables companies to issue, manage, and validate digital certificates linked to their digital identity and that of their clients or third parties. These certificates are generated in a standardised and reusable format, facilitating their exchange between organisations and their use as verifiable evidence, without disrupting existing processes.
The company’s initial deployments focus on issuing digital certificates related to sustainability criteria, an area where information is typically exchanged in document form without traceability or automated validation, and where multiple frameworks coexist.
With Sybol, certificates are issued linked to the digital identity of both the issuer and the client, in a structured format that includes the attributes required for direct consumption by third parties — digital, secure, and reliable.
This reportedly enables ESG, auditing, and reporting platforms to consume data as reliable digital evidence from the source, eliminating reliance on manual documents and subsequent validation processes. Certificates therefore evolve from static files into traceable digital evidence linked to unique identities.
This model, aligned with eIDAS2 and the evolution of the European Business Wallet, aims to facilitate data exchange between companies, technology platforms, and public administrations.
Read the orginal article: https://www.eu-startups.com/2026/04/madrid-based-sybol-lands-e1-million-to-scale-corporate-digital-identity-infrastructure/
