ARIADNEXT founders backed Wultra's €6.8M Series A as customers before investors. Here's what they saw — TFN

Wultra, a Czech startup, has raised €6.8 million in a Series A round led by Seventure Partners. The funding will help expand its post-quantum banking authentication platform into the Middle East and the United States.

Angel investors Marc Norlain and Guillaume Despagne, who co-founded ARIADNEXT (acquired by IDnow in 2021), decided to back Wultra after first using its product themselves.

This funding arrives as Gartner warns that by 2029, quantum computing could break the standard cryptography used in most bank login systems. Nearly half of the organisations in Europe and North America are still unprepared.

Marc Norlain and Guillaume Despagne have a strong background in digital identity, having grown ARIADNEXT from a startup in Rennes to a French market leader before selling it to IDnow in 2021.

When looking for their next investment, they chose Wultra, a Prague-based post-quantum authentication startup they had already used as customers. Their choice to invest after firsthand experience is a strong endorsement.