Identity authentication enabler AuthBridge raises $7-M from Phi Capital

Gurugram-based AuthBridge, which offers identity authentication products, has raised USD 7 million (about INR 52.6 crore) from Phi Capital. The Series B funding is directed through Phi Capital Growth Fund (PCGF) -1. The capital raised will be leveraged to invest in technology, strengthen workforce, and launch new product lines to add value to clients. AuthBridge raised a series A round in October from Infinity Alternatives. AuthBridge offers technology that enables end-to-end digital platforms to verify, onboard, and manage customers, employees, vendors, and other stakeholders.