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    Reference: 20180732
    Release date: 12 March 2019

    Promoter – Financial Intermediary

    INTRINSIC ID BV

    Location

    Description

    Intrinsic ID is a cybersecurity company that provides digital authentication solutions. The investment focuses on software development activities enhancing and complementing the current offering and supporting the company's worldwide growth.

    Objectives

    The proposed loan will help Intrinsic ID maintain their competitive edge in an innovative technology, scale up their business thanks to turnkey solutions and value-added services offerings and pursue their growth strategy and geographic deployment.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 11 million

    Total cost (Approximate amount)

    EUR 24 million

    Environmental aspects

    The operation concerns the promoter's investments in technology and product development. Due to the nature of the operation (mainly salaries, technology licenses, capital expenditure (CapEx) concerning hardware), it does not fall under the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU.

    Procurement

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.

    Status

    Signed - 17/05/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    The Netherlands Services