Online notarisation platform Legitify has raised €1.5 million in a seed funding round that will help develop its product offering, expand its reach and grow its team.

The funding round was led by Verb Ventures, with Enterprise Ireland, Actium Partners, Redbay Ventures and other investors also participating.

Dublin-headquartered Legitify is aiming to simplify cross border transactions by removing the complexity and barriers to notarisation processes with its online notarisation solution. It can be used by both organisations and individuals to certify and notarise documents online.

The company was founded during Covid-19 by chief executive Aida Lutaj and chief product officer Arko Ganguli.

“We see that in Europe and UK, there’s more of a need for remote online notarisation,” said Ms Lutaj. “But I think as this progresses forward, there will be more move towards digitalising of notarisation and electronic notarisation happening with a qualified electronic signature.”

Legitify is headquartered in Dublin and has previously been backed by Antler, NDRC and Alchemist Accelerator. Ms Lutaj said the decision to locate in Dublin was down to the availability of tech talent.

The company’s product is used in more than 40 countries, with more than 1,100 customers served to date across financial services, legal services, consulting, real estate and other sectors.

“In a remarkably short time, Legitify has emerged as a front-runner in providing a seamless notarization solution to professionals across various industries,” said Alexander Chikunov, founding Partner at Verb Ventures. “Their innovative platform addresses a critical need in a market that sees billions of certifications and notarisations annually.”