Voice biometrices outfit Agnitio raises EUR5.5m

Source: Agnitio

Agnitio, Nauta Capital and Elaia Partners today announced that Agnitio, a leading voice biometric company headquartered in Madrid, Spain, has completed a new capital increase of € 5.5 million.

This second round of funding has been led by Elaia Partners and includes a significant participation of Nauta Capital, leader of the previous funding round of € 2.7 million in December 2007. Elaia's participation in this funding round includes a co-investment of Neotec Capital Riesgo as a consequence of their recently announced partnership.

Xavier Lazarus, General Partner at Elaia Partners, "Agnitio has developed a suite of disruptive security products based on a leading edge voice biometric technology. Already leaders in Homeland Security, their offering also brings a new way of considering authentication to many markets, including the telecommunication or the home banking industries. This amazing combination of unique technology and strong market opportunities has convinced us to be part of this venture: We are building a new leader in security."

Carles Ferrer, General Partner at Nauta Capital, "We are delighted that Agnitio has strengthened its leadership in the voice biometric space in 2008. We are completely satisfied with the incorporation of Elaia into Agnitio's shareholding structure. It is a significant step towards Agnitio's consolidation as a leader in its market segment"

Emilio Martínez, CEO at Agnitio, 'We are delighted with this second round of funding from Nauta and Elaia especially in the current climate of severe economic conditions. This is a momentous milestone for Agnitio to further expedite achieving our worldwide growth plans in a rapidly expanding market and to consolidate our vision as one of the leading players in the voice biometric market.'

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