Evrotrust Secures €6.6 Million for European Expansion

Evrotrust, a leading European Identity and Qualified Trust Service Provider, secured €6.6 million from TCEE Fund IV, advised by 3TS Capital Partners. This investment aims to boost Evrotrust's expansion across the DACH and CEE regions, enhancing compliant digital identity solutions due to Europe's regulatory unification.

The company offers digital identity services under the EU's eIDAS regulation, including identity verification, electronic signatures, and delivery services. Evrotrust serves over 2 million users across 11 countries and is recognized on the EU Trusted Lists.

Evrotrust's CEO, Konstantin Bezuhanov, emphasized the goal of minimizing identity verification friction in Germany, Austria, and the CEE region. The company's focus is on making processes like bank account openings more seamless.

The investment aligns with the EU's Digital Decade goals, targeting 80% adoption of EUDI Wallets by 2030 and a projected growth in e-signature spending.