Spanish startup Sybol, which focuses on corporate digital identity and verifiable credentials, has raised over €1 million in a funding round that combines public and private investment. The round is backed by the Spanish Society for Technological Transformation (SETT), alongside investors including Repsol, Grupo Synaptia, Bolboreta Innova Group, Tritemius, Venturade, and Chromata Invest.
The company is operating within the evolving European regulatory landscape, particularly eIDAS2, which establishes a unified framework that allows citizens and businesses to identify themselves and share verified information across the European Union via digital wallets. In response to this, Sybol is developing a corporate wallet aligned with the emerging European Business Wallet model, designed to integrate with existing enterprise systems.
The progress of eIDAS2 and the European Business Wallet opens a new chapter for corporate digital identity. Sybol enables companies to start preparing with a corporate wallet designed for this new framework.
said Raúl López, CEO of Sybol.
Sybol’s platform allows organisations to issue, manage, and verify digital certificates linked to their own identity as well as to that of clients or third parties. These certificates are created in a standardised, reusable format, enabling seamless exchange between organisations and functioning as verifiable digital evidence.
By replacing traditional document-based workflows, the platform reduces manual processes, improves traceability, and enhances data reliability without requiring significant changes to operations
Initial deployments are focused on sustainability-related certifications, where data is often shared through static documents that lack traceability and automated validation.
Sybol’s approach links certificates directly to the verified identities of issuers and recipients, enabling ESG, auditing, and reporting platforms to use the data as structured, reliable digital evidence. This transforms certificates from static files into traceable digital assets, improving efficiency and reducing reliance on manual validation processes.
The funding will be used to accelerate the rollout of Sybol’s enterprise verification platform and its corporate wallet based on digital identity principles.
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