Authenteq raises $5 million for blockchain identity verification

, the creator of the blockchain identity verification technology Trollteq, has raised $5 million in funding. The company is touting a 60-second identity verification process.

The funding for the Reykjavik, Iceland-based company was led by Draper Associates and Capital300. The company said it completed its funding round in two weeks.

Authenteq CEO Kari Thor Runarsson said discussions are under way with more investors to take the second closing of the Series A financing, and it is

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