Blockchain Identity Startup ShoCard Raises $1.5 Million

Blockchain identity startup ShoCard has raised $1.5m in funding from AME Cloud Ventures and Digital Currency Group, among other VC firms.

AccessTimeIconJul 17, 2015 at 7:10 p.m. UTC
Updated Sep 11, 2021 at 11:46 a.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
CoinDesk - Unknown


ShoCard has raised $1.5m in funding from AME Cloud Ventures, Digital Currency Group, Enspire Capital and Morado Venture Partners.

The startup, which seeks to use the bitcoin blockchain as a way to authenticate identification, debuted in May at TechCrunch Disrupt NY. Its launch came amid a broader shift in focus among investors, who appear increasingly interested in harnessing the power of bitcoin's underlying distributed ledger for use cases beyond payments.

ShoCard views its solution as one that could disrupt the digital identity business, providing consumers with the means to hold a secure version of their personal information for use in e-commerce purchases, online banking logins and more.

The funding will help the startup advance on what might be its core barrier to mainstream adoption as stated by TechCrunch's Romain Dillet – attempting to secure mainstream partners.

While a challenge, the company boasts experience at the helm, having been founded by former Yahoo senior vice president Armin Ebrahimi and former president Jeff Weitzman.

ShoCard is one of a small but growing number of startups seeking to use the blockchain as a means of improving identity management that includes online identity protocol OneName, which has raised $1.62m in funding from investors including Union Square Ventures.

Hat tip to TechCrunch

Images via ShoCard


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.