By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
Oslo, Norway-based security software startup Encap has raised $2 million in a second round of Seed funding. The new capital comes from early stage VC ProVenture Seed. The company has developed an alternative to two-factor authentication that it claims is more secure and works across devices and platforms. Encap was founded in 2007 and raised $840,000 in its first Seed funding round back in early-2010.
Vital Stats:
Website: www.encapsecurity.com
HQ: Oslo, Norway
Year Founded: 2007
Investors: ProVenture Seed, Alliance Venture
Innovation: A device and platform agnostic alternative to two-factor authentication.
Total Funding: $2,840,000
(Sources: Encap, TechCrunch)
More funding and acquisitions news…
Boxee acquired by … someone, announcement coming next week (exclusive) (via VentureBeat)
Plum District Has Acquired AngelPad-Backed Spotivate For An Undisclosed Amount (via TechCrunch)
Steve Case’s $20M investment in Lolly Wolly Doodle proves the value of social commerce (via TechCrunch)
# # #
