The identity and access management industry in Benelux involves protecting sensitive data and ensuring secure user access across various systems. Companies range from startups focusing on cloud security solutions to established firms that provide identity verification and governance services. They cater to sectors such as finance, healthcare, and e-commerce, ensuring compliance with privacy regulations and enhancing user trust. As digital threats evolve, the industry is increasingly leaning towards integrating AI-driven identity verification technologies and decentralized identity solutions, preparing for a future where security is paramount to fostering confidence in digital interactions.


The investors in this list primarily include venture capital and private equity firms based in the Benelux region, with a mix of early and growth-stage investment focuses. Notably, they range in size from small teams to larger organizations with hundreds of employees. Founded between 1980 and 2019, these firms have tracked significant deal activity in 2024, participating in various investment rounds totaling 222 deals across the identity and access management space, emphasizing the sector's growing popularity.


Top 19 Identity and Access Management Investors in Benelux


1. Main Capital Partners

  • Website: main.nl
  • Type: Private Equity
  • Headquarters: The Hague, South Holland, Netherlands
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 16
  • LinkedIn: main-capital-partners-bv

Main Capital Partners is a private equity investment firm based in The Hague, South Holland, Netherlands, founded in 2003. The firm specializes in enterprise software and provides strategic guidance and investment to software businesses across various sectors, including healthcare and finance. In recent years, Main Capital Partners has made significant acquisitions in the identity and access management space, including Pointsharp, a Stockholm-based SAAS developer for authentication, acquired on November 13, 2020, and Inverid, the creators of ReadID, acquired on February 15, 2022. These investments reflect their focus on supporting growth and innovation in companies that enhance security and identity verification, aligning with the needs of the identity and access management industry.


2. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC has made significant investments in the identity and access management sector, including the acquisition of Omada in December 2018, a company known for its identity governance solutions. Additionally, they participated in funding rounds for Kount, a company that provides identity verification and fraud prevention services, and Acronis, which offers data protection and cybersecurity solutions. These transactions highlight CVC's commitment to investing in technologies that enhance identity and access management capabilities.


3. Fabric Ventures

  • Website: fabric.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: fabricventures

Fabric Ventures is a venture capital firm based in Luxembourg, founded in 2012. They focus on investing in the Open Economy, supporting early-stage companies across various sectors, including finance, gaming, and infrastructure. In 2024, they have already made 16 investments, demonstrating their active engagement in the startup ecosystem. Notably, they invested in Resonance Security, which raised $1.5 million in a Pre-Seed round, indicating their interest in security solutions that are relevant to identity and access management. Other transactions include investments in Narval, a web3 wallet platform, and Hylé, which also align with the evolving landscape of digital identity and security. These investments reflect their commitment to supporting innovative technologies that could impact identity and access management.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. EIB's clientele includes both public and private organizations seeking funding for initiatives that promote growth and job creation. Notably, EIB has been involved in significant transactions within the identity and access management space, such as its €15 million growth funding for IDnow, a German identity verification platform, aimed at supporting research, development, and international expansion. This investment highlights EIB's commitment to fostering innovation in the identity and access management sector, alongside its broader focus on sustainable development.


5. TIIN Capital | European Cybersecurity Investors

  • Website: tiincapital.nl
  • Type: Venture Capital
  • Headquarters: Naarden, North Holland, Netherlands
  • Founded year: 1998
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: tiin-capital

TIIN Capital is a venture capital firm based in Naarden, North Holland, Netherlands, founded in 1998. The firm specializes in investing in cybersecurity and IoT security startups, aiming to bridge the funding gap in the European cybersecurity market. Through its European Cyber Tech Fund V, TIIN Capital supports entrepreneurs with innovative ideas in critical tech sectors. Notable transactions include their investment in BreachLock Inc., which raised $3M in Seed funding to enhance its Penetration Testing as a Service (PTaaS) platform, a service that is relevant to identity and access management by identifying vulnerabilities in security systems. They also invested in Thysia Information Management and Brama Systems, both of which may have relevance in the broader cybersecurity context, potentially impacting identity and access management solutions.


6. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a venture capital holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the context of identity and access management, Exor has participated in significant transactions, including investments in Lithic, a card-issuing platform that raised $60 million in Series C funding, and Privacy.com, a virtual payment card startup that raised $10.2 million in Series A funding. These investments highlight Exor's engagement with companies that are innovating in the identity and access management space, particularly in areas related to payment processing and virtual card solutions.


7. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology. With a commitment to partnering with local entrepreneurs, Prosus aims to create valuable products and services that foster community growth and sustainable business practices. In the realm of identity and access management, Prosus has made significant investments, including a $31 million funding round for Incognia, a startup specializing in digital identity solutions, and an $18 million investment in Borneo, a platform dedicated to real-time data security and privacy observability. Additionally, they led a seed funding round for Plerion, a cloud security startup, further emphasizing their engagement in the security and identity management space.


8. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. In recent years, the EIC has been involved in several transactions relevant to the identity and access management sector. Notably, it provided grants to IDloop, a company focused on identity management solutions, with funding amounts of $2,651,350 in February 2023 and $7,959,299 in December 2022. Other relevant transactions include grants to SSH Communication Security and Cubbit, which, while not exclusively focused on identity and access management, contribute to the broader security and data management landscape. Through its funding initiatives, the EIC fosters innovation across various sectors, including identity and access management.


9. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. They provide financial support and strategic guidance to entrepreneurs, particularly in sectors like digital health and education tech. Notably, they have invested in Trustev, a company that raised funds to enhance identity verification and fraud prevention, which is directly relevant to identity and access management. Additionally, they participated in funding rounds for Lightico, a firm that improves customer interactions, which can also relate to identity management in customer service contexts. Their operations are focused on Europe and Israel, where they actively seek to empower startups and foster growth in the tech ecosystem.


10. Fortino Capital


Fortino Capital is a venture capital and growth equity firm based in Antwerp, Flanders, Belgium, founded in 2013. The firm specializes in investing in B2B software companies, providing both funding and strategic support to help these businesses grow and scale effectively. Notable transactions include a significant investment in ReaQta, a SAAS developer of cybersecurity solutions, which closed a Series A funding round aimed at expanding its commercial operations in Europe and Asia. Additionally, Fortino Capital participated in the Series A funding round for Getvisibility, which raised €10m to enhance its R&D and marketing efforts, focusing on data visibility and security. Their investment in Van Roey ICT Group also supports growth ambitions in the ICT sector, which often intersects with identity and access management solutions. Overall, Fortino Capital's portfolio reflects a commitment to supporting innovative technologies that enhance security and operational efficiency in the B2B landscape.


11. GapMinder VC

  • Website: gapminder.vc
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: gapminder-vc

GapMinder VC is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in investing in early-stage startups within the Deeptech and SaaS sectors, providing not only capital but also strategic support in areas such as recruitment, marketing, sales strategy, and financial planning. Notably, GapMinder has participated in funding rounds for TypingDNA, which raised $7 million in Series A funding for its typing biometrics authentication technology, and $1.5 million in a Seed round. They also invested in Cyscale, a Romanian startup that raised €3 million, focusing on cloud security and data protection, which are essential for identity and access management. These transactions highlight GapMinder's commitment to supporting innovative solutions in the tech space, particularly those that enhance security and authentication processes.


12. ABN AMRO Clearing Bank

  • Website: abnamro.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1982
  • Headcount: 501-1000
  • Number of deals in 2024: 19
  • LinkedIn: abn-amro-clearing-bank-n-v-

ABN AMRO Clearing Bank, founded in 1982 and based in Amsterdam, is a banking institution that provides a range of financial services including personal banking, business banking, and investment management. The bank has been active in venture capital, with 19 investments in 2024 alone. Notably, ABN AMRO Ventures has participated in significant funding rounds for companies that are relevant to identity and access management. For instance, they invested in Privitar, which raised $80 million to enhance its data privacy platform, a key aspect of managing identities securely. Additionally, their investment in ThreatFabric, which raised EUR 11.5 million to expand its fraud detection capabilities, further underscores their commitment to security technologies. These investments reflect ABN AMRO's strategic focus on supporting innovations that align with identity and access management needs in the financial sector.


13. Newion


Newion Partners is a venture capital firm based in Amsterdam, Netherlands, founded in 2000. They specialize in investing in early-stage technology companies, particularly in the business software sector. Newion provides capital, expertise, and support to help these companies scale and achieve market leadership, focusing on businesses located in North/West Europe. Among their notable transactions, Newion invested in iWelcome, a company that raised funds in both Series A and Series B rounds, which specializes in identity and access management solutions. Additionally, they have invested in Collibra, which raised significant amounts in Series C and D funding rounds; while primarily focused on data governance, Collibra's solutions also intersect with identity management. These investments highlight Newion's engagement in the identity and access management industry, supporting companies that contribute to this critical area of technology.


14. Gimv

  • Website: gimv.com
  • Type: Venture Capital
  • Headquarters: Antwerp, Flanders, Belgium
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 8
  • LinkedIn: gimv

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across diverse sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably, primarily targeting entrepreneurial companies seeking capital and expertise to navigate market challenges. Notably, Gimv has been involved in several transactions relevant to the technology sector, including investments in Nomadesk, a Belgian cloud computing company that raised a total of $11 million across Series A and B funding rounds. This involvement highlights Gimv's engagement with companies that may operate within the identity and access management space, particularly as cloud computing often requires robust identity management solutions. Additionally, their investment in RES Software, which focuses on workspace management solutions, further aligns with the themes of identity and access management, as effective management of user access is critical in such environments.


15. Forward Venture Capital

  • Website: forwardvc.com
  • Type: Venture Capital
  • Headquarters: The Hague, South Holland, Netherlands
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: forwardventurecapital

Forward Venture Capital is a venture capital firm based in The Hague, South Holland, Netherlands, founded in 2016. The firm focuses on supporting early-stage entrepreneurs by providing investment and guidance to accelerate their growth across various sectors, including digital commerce and SaaS. Notably, Forward Venture Capital has participated in significant transactions relevant to identity and access management, such as their investment in Trinsic, a remote decentralized identity startup that raised a total of $17.5 million in seed funding in 2022. This investment highlights their engagement in the identity management space. Additionally, they invested in Uniify, which provides a platform for automating financial customer onboarding, further indicating their interest in technologies that may enhance identity verification processes. Overall, Forward Venture Capital's investment strategy reflects a commitment to fostering innovation in areas that intersect with identity and access management.


16. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm founded in 2015, based in Luxembourg, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe, helping them to grow and succeed in competitive markets. Notably, SGH has invested in Dfns, which raised $1,092,408 in a Pre-Seed round in December 2020, focusing on security solutions that are relevant to identity and access management. They also invested in Accredible, which raised $3,500,000 in a Seed round in July 2016, a company that provides digital credentialing solutions, further emphasizing their interest in identity verification and management. These transactions highlight SGH's engagement with companies that contribute to the identity and access management landscape.


17. Peak

  • Website: peak.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: peak-capital

Peak Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2008. They specialize in investing in early-stage companies within the SaaS, marketplace, and platform sectors, providing funding and support to help these businesses scale and succeed. Notably, they have invested in companies like Authologic, which raised funds for its authentication solutions, and Open Social, which focuses on community software that may include access management features. Their portfolio also includes Tilores and Seatti, which, while not directly related to identity and access management, demonstrate their active engagement in innovative technology sectors. Peak Capital operates primarily in Europe, focusing on backing innovative founders and helping them develop new technologies.


18. Cipio Partners

  • Website: cipiopartners.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: cipio-partners

Cipio Partners is a venture capital firm based in Luxembourg, founded in 2003, specializing in European growth capital and minority buyouts for technology companies. They provide financial support and strategic guidance to help businesses scale and prepare for liquidity events. Their focus is primarily on technology firms with proven business models and significant revenue, particularly in the software and B2B sectors. Notable transactions include investments in Voltage Security, which raised $12 million in Series D funding in 2007, and Verimatrix, which secured $5 million in Series C funding in 2008. Both companies are relevant to the identity and access management space, as they provide security solutions that are critical for managing identities and access in digital environments. Additionally, Cipio Partners has invested in tyntec, a company that offers communication solutions, and Wire, which focuses on secure messaging, further demonstrating their interest in technology that enhances security and access management.


19. Finch Capital

  • Website: finchcapital.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: finch-capital

Finch Capital is a venture capital investment firm based in Amsterdam, specializing in business and financial technology. Founded in 2013, the firm focuses on helping companies scale sustainably and navigate complex market challenges through strategic partnerships and technology-driven solutions. Finch Capital has been actively involved in the identity and access management space, particularly through their investments in Fourthline, an identity verification and anti-money laundering startup. They led a €50 million Series B funding round for Fourthline in April 2023, following earlier investments in the company during its Series A and Seed rounds. This demonstrates Finch Capital's commitment to supporting innovative solutions in identity verification, which is a key aspect of identity and access management.



Identity and Access Management Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Main Capital PartnersThe Hague, South Holland, Netherlands51-200200316
CvcLuxembourg1001-5000200516
Fabric VenturesLuxembourg11-50201216
European Investment Bank (EIB)Luxembourg1001-5000195899
TIIN Capital | European Cybersecurity InvestorsNaarden, North Holland, Netherlands1-1019981
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Mangrove Capital PartnersLuxembourg11-5020005
Fortino CapitalAntwerp, Flanders, Belgium11-5020139
GapMinder VCAmsterdam, North Holland, Netherlands11-5020173
ABN AMRO Clearing BankAmsterdam, North Holland, Netherlands501-1000198219
NewionAmsterdam, North Holland, Netherlands11-5020006
GimvAntwerp, Flanders, Belgium51-20019808
Forward Venture CapitalThe Hague, South Holland, Netherlands1-1020162
SghLuxembourg1-1020153
PeakAmsterdam, North Holland, Netherlands11-5020088
Cipio PartnersLuxembourg11-5020032
Finch CapitalAmsterdam, North Holland, Netherlands11-5020132


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