Spanish startup Sybol, which focuses on corporate digital
identity and verifiable credentials, has raised over €1 million in a funding round that combines public and private investment. The round is backed by the
Spanish Society for Technological Transformation (SETT), alongside investors
including Repsol, Grupo Synaptia, Bolboreta Innova Group, Tritemius, Venturade,
and Chromata Invest.
The company is operating within the evolving European
regulatory landscape, particularly eIDAS2, which establishes a unified framework that allows citizens and businesses to identify themselves and share
verified information across the European Union via digital wallets.In response to this, Sybol is developing a corporate wallet aligned with the emerging
European Business Wallet model, designed to integrate with existing enterprise
systems.
The progress of eIDAS2 and the European Business Wallet
opens a new chapter for corporate digital identity. Sybol enables companies to
start preparing with a corporate wallet designed for this new framework.
said
Raúl López, CEO of Sybol.
Sybol’s platform allows organisations to issue, manage, and
verify digital certificates linked to their own identity as well as to that of clients or third parties. These certificates are created in a standardised,
reusable format, enabling seamless exchange between organisations and
functioning as verifiable digital evidence.
By replacing traditional
document-based workflows, the platform reduces manual processes, improves
traceability, and enhances data reliabilitywithout requiring significant changes to operations
Initial deployments are focused on sustainability-related
certifications, where data is often shared through static documents that lack
traceability and automated validation.
Sybol’s approach links certificates
directly to the verified identities of issuers and recipients, enabling ESG, auditing, and reporting platforms to use the data as structured, reliable
digital evidence. This transforms certificates from static files into traceable
digital assets, improving efficiency and reducing reliance on manual validation
processes.
The funding will be used to accelerate the rollout of
Sybol’s enterprise verification platform andits corporate wallet based on digital identity principles.