Emerging Ventures Funds Adds Allthenticate to Our Portfolio

CALABASAS, Calif. - Nov. 10, 2020 - PRLog -- Emerging Ventures Fund I, LP, is happy to announce our participation in the early round financing of Allthenticate, a security technology company, which allowed it to reach its first round of funding goals in August, allowing the company to move forward with the development for the product.

Allthenticate offers an all-inclusive security solution with a smartphone app, smart door reader, administrative portal, and security software. With Allthenticate, you can seamlessly use your phone to unlock any door in the workplace without keys, and you can seamlessly log in to your computer and websites from your phone; your credentials will be protected from phishing.

"When we opened our fundraising round, we never dreamed that a pandemic would completely disrupt our plans. Nevertheless, we were able to officially close our first funding round in August thanks to the support of notable local investors such as the Emerging Ventures Fund and the Santa Barbara Angel Alliance, said Dr. Chad Spensky, the CEO and founder of Allthenticate. "The capital and mentorship that they have provided have helped us expedite our development at Allthenticate significantly and will let us bring our security products, which eliminate keys, passwords, and smartcards, to the southern California market in early 2021. We are extremely grateful and excited to have these incredible investors on our team."

"As managing partner of Emerging Ventures, I'm excited and proud to support such amazing innovative local Southern California technology startups, who are bringing their deep research to life, as was with our early investment into Allthenticate where Dr. Spensky has built an amazing founding team to bring his years of research to commercial reality," said David Mandel, Managing Partner, Emerging Ventures Fund I, LP.

For more details on the Allthenticate products, visit their website at https://www.allthenticate.net/

Emerging Ventures invests in emerging technology startups. Visit https:/emerging.vc for more info.