FB pixel

Voatz seeks $10M to grow biometric voting platform adoption

Voatz seeks $10M to grow biometric voting platform adoption
 

Voatz has raised $1.3 million of an intended $10 million equity funding round from five investors as it seeks to expand adoption of its biometric voting app and web service, the company revealed in an SEC filing.

In a recent update, Voatz said it had made significant strides with its blockchain and biometrics-backed mobile voting platform in 2020, with involvement in 23 elections during the year, serving 1.8 million voters. Just over 200,000 used the Voatz app, while the remaining 1.6 million used its API.

There is no minimum investment by outside investors according to the Form D, and Voatz declined to disclose its revenue range on the document. The funds are not intended to be used to make payments to the company’s principles.

Voting access has become highly politically charged in Voatz’ domestic U.S. market. There are 55 different bills to restrict voting in 24 state legislatures, Boston Business Journal notes.

Voatz raised $7 million from investors including Medici Ventures and Techstars in 2019.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Biometrics developers dance with data privacy regulations continues

Biometrics controversy and investments are often found side by side, as seen in many of this week’s top stories on…

 

EU AI Act should revise its risk-based approach: Report

Another voice has joined the chorus criticizing the European Union’s Artificial Intelligence Act, this time arguing that important provisions of…

 

Swiss e-ID resists rushing trust infrastructure

Switzerland is debating on how to proceed with the technical implementation of its national digital identity as the 2026 deadline…

 

Former Jumio exec joins digital ID web 3.0 project

Move over Worldcoin, there’s a new kid on the block vying for the attention of the digital identity industry and…

 

DHS audit urges upgrade of biometric vetting for noncitizens and asylum seekers

A recent audit by the DHS Office of Inspector General (OIG) has called for the Department of Homeland Security (DHS)…

 

Researchers spotlight Russia’s opaque facial recognition surveillance system

In recent years, Russia has been attracting attention for its use of facial recognition surveillance to track down protestors, opposition…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events