The French company Memority recently completed a €13 million funding round.
The French company Memority, specialized in online identity and digital access management, has completed a €13 million funding round. Joffe & Associés (Thomas Saltiel, Charlotte Viandaz & Antoine Danieck) acted as legal advisors to Tikehau Capital for this transaction.
This investment was led by Tikehau Capital, through its private equity strategy dedicated to cybersecurity. The funds raised will be used to accelerate the technological development of Memority’s SaaS platform, strengthen its sales teams, and expand its presence in the European market. Memority’s solution, called “Identity Factory,” offers an integrated and secure approach to digital identity management, addressing companies’ needs in terms of cybersecurity and regulatory compliance.
“This operation was carried out to enable Memority to scale up by strengthening its strategic autonomy and accelerating its development,” explained Francis Grégoire, CEO of Memority.
In June 2023, Memority gained independence from Accenture, following the acquisition of its business by its historical founders, Gilles Castéran and Francis Grégoire. This transaction allowed the company to regain strategic autonomy, with the ambition of becoming a European leader in IDaaS (Identity as a Service). Memority aims to generate €10 million in revenue within two years, with an annual investment of €3 million in research and development.
The funding round and Memority’s regained independence come at a time when digital identity management has become a critical issue for companies. With 85% of cybersecurity incidents linked to digital identity, Memority’s solution aims to offer an effective response to today’s security and compliance challenges. The company’s “Identity Factory” approach enables unified management of identities, entitlements, and access, while integrating advanced technologies such as analytics and machine learning for fraud detection.
