Passbase grabs $3.6M to power privacy-preserving online ID checks

Digital identity startup Passbase has closed a $3.6 million seed round, led by Cowboy Ventures and Eniac Ventures, with participation from Seedcamp and other European investors. The 2018 founded startup bagged a $600k pre-seed round earlier this year for its full-stack identity engine with a privacy twist. The latest tranche of funding will go on growing the team and sales channels in the US and Europe, says co-founder Mathias Klenk. “Our goal is to build an API-first company, so building a strong core organization is key for us to be able to fully focus on securing partnerships with complementary services,” he tells TechCrunch. “By the end of next year, we aim to have our consumer application rolled out so that individuals …