Czech cybersecurity startup Wultra raises €6.8 million to support Europe’s digital identity wallet rollout
Prague-based Wultra has secured €6.8 million in Series A funding to scale its post-quantum authentication and digital identity platform, aiming to accelerate the deployment of the European Digital Identity Wallet.
Wultra, a Prague-based provider of post-quantum authentication and digital identity solutions for banks and fintechs, has announced a €6.8 million Series A funding round. The capital will be used to scale the platform and accelerate the development of digital identity wallet capabilities to support the European Digital Identity Wallet ecosystem.
The round was led by Seventure Partners, with participation from ARIADNEXT founders Marc Norlain and Guillaume Despagne, as well as existing investors J&T Ventures and Elevator Ventures. "Last year was a highly dynamic period for Wultra. We expanded our product portfolio to cover the broader digital identity journey, from onboarding and identity proofing to user authentication, transaction authorisation, and electronic signatures. We grew our team by nearly 50%, established a presence in Singapore, and now support more than 70 clients across 25 countries worldwide," said Petr Dvorak, founder and CEO of Wultra.
"At Seventure Partners, we invest at the intersection of innovation and market readiness. Wultra sits precisely at that intersection: a team that has built a proven post-quantum-ready authentication solution already trusted by financial institutions across multiple markets. As the industry accelerates its transition to quantum-resilient infrastructure, we believe Wultra is uniquely positioned to define the next standard in digital identity for financial services," said Julien Cazor, Venture Partner at Seventure Partners.
Founded in 2014, Wultra equips banks and fintechs with post-quantum authentication and digital identity solutions that strengthen security. Powered by quantum-resistant cryptography, the platform aims to deliver top-tier protection, a developer-friendly interface, and a passwordless user experience. Financial institutions in more than 25 countries use Wultra’s solutions to replace legacy authentication methods with phishing-resistant, post-quantum technologies.
Having established its regional hub in Singapore, Wultra plans to expand its operations into the Middle East and the United States. "As identity experts, we believe that quantum-resistant authentication solutions will play a key role in the emerging European wallet ecosystem. We have known Wultra for years as their customers, and we are convinced they will be a leader in this field," said investors Guillaume Despagne and Marc Norlain.
Today’s investment comes as organisations worldwide modernise their digital identity systems to address AI-enabled identity fraud, including deepfakes. At the same time, they are accelerating their transition to post-quantum security following the National Institute of Standards and Technology’s (NIST) publication of post-quantum cryptography standards and ongoing industry-wide efforts to meet emerging migration timelines established by governments and industry bodies. With governments, regulators, and financial institutions increasingly planning for long-term cryptographic resilience, Wultra says demand for practical post-quantum-ready solutions continues to grow.
"We backed Wultra as the first investor in 2022, and since then, we have seen consistent growth and the team’s ability to transform security products to post-quantum resistant technology. We’re proud to continue our partnership in this round and remain highly confident that the company’s strongest milestones are still ahead," said Zuzana Ondrejová, Partner at J&T Ventures.
Building on its momentum, Wultra is now focused on scaling its technology, expanding into new markets, and supporting customers as they prepare for the post-quantum era.
