Building on its recent launch and in line with its growth plans for North America and Europe, KYP today announced the closure of its pre-seed funding round with total funds of approximately £800,000 raised. Despite often quoted challenging market conditions, KYP pre-seed round was 35% oversubscribed with the support of US based 1414 Ventures, BH Ventures and some leading UK Angel Investors.
KYP also announced the appointment of three new directors to its board and advisory board. Luis Davila is an accomplished Investor, FinTech founder and leader at the intersection of software, technology, and Financial Services; joins KYP’s board. Luis has a proven track record of scaling, raising capital and leading innovative and diverse teams around the world.
In terms of KYP’s advisory board, KYP welcomes David Birch and Howard Hall. Howard, of 1414 Ventures and Consult Hyperion, has extensive expertise in strategy, product marketing and business/corporate development spanning over 20 years’ in the areas of IT and electronic security, business intelligence, digital identity and payments. David Birch is an internationally-recognised thought leader in digital identity and digital money and brings a wealth of relevant experience.