CollectID develops product-authentication technology that combines encrypted, smartphone-ready NFC tags with secure, immutable NFTs on blockchain to create a digital twin of physical products. The system enables brands and consumers to verify authenticity with a few taps and, according to the article, guarantees a product’s authenticity 100%. CollectID has been adopted by sports clubs and brands, including a contract with Brazil’s Atlético Mineiro to authenticate over 120,000 football jerseys, plus deployments with SCL Tigers, FC Zurich, FC St. Gallen, Young Boys x Sneakerness, ZSC Lions and clients such as vinID, Sneakerness.Market, Ruirosa and Sonra. The St. Gallen-based startup plans to use new capital to accelerate growth in Europe and North America and to expand its presence. CollectID has also signed a long-term agreement with Atlético Mineiro to allow fans to verify and register jerseys in their names and use the garments as a communication channel. The company says it aims to become a leader in linking physical products with the digital world and bringing them into the metaverse.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2022