Main Capital has exited its majority stake in Dutch identity verification firm Inverid through a sale to Signicat, a Nordic Capital-backed digital identity platform.

The transaction creates one of Europe’s leading providers of digital identity and document verification solutions.

Inverid is known for its ReadID platform, the world’s first mobile identity verification technology using NFC it launched in 2014. The company supports over 50 clients across the public and private sectors, including Rabobank, Frontex, and the governments of the UK and Denmark.

Main Capital, which first invested in Inverid in 2022, helped drive its international growth, launch a new R&D hub in Valencia, and expand go-to-market capabilities. During its holding period, Inverid tripled its revenue and increased profitability fourfold.

“We are excited to announce this next step in the growth strategy of Inverid,” said Charly Zwemstra, CEO of Main Capital and Chairman of Inverid’s Supervisory Board. “We look back on a great partnership […] and look forward to staying involved as a minority owner in Signicat.”

Existing shareholders, including Main Capital and Inverid’s founders, will reinvest part of the transaction proceeds into Signicat, demonstrating continued confidence in the combined platform.

Signicat, which has scaled rapidly through eight bolt-on acquisitions, will integrate Inverid’s technology into its identity and fraud-prevention portfolio. “This transaction demonstrates our commitment to remaining at the forefront of digital identity innovation,” said Asger Hattel, CEO of Signicat.

The acquisition also reflects Nordic Capital’s strategy to back platforms with scalable technology and pan-European reach. Rolf Torsøe, Managing Director at Nordic Capital Advisors, said the deal will unlock immediate synergies and accelerate Signicat’s growth across Europe.

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