TrustBuilder to raise €1.1 million from PMV.

TrustBuilder, a Gent, Belgium-based software startup, announced that it secured a €1.1 million ($1.4M) funding round.

The money was raised from inevstors including PMV. Proceeds will be used to further develop the company's product line and expand its sales and marketing activities to sustain European and international growth.

TrustBuilder, founded in 2016 and led by CEO Frank Hamerlinck, is an Identity and Access Management (IAM) software vendor. The company offers solutions that enable companies to make user authentication as simple and secure as possible. To this end, it created its own identity management software, after which the company was named.

TrustBuilder's customer portfolio includes companies in the banking and insurance sectors (ING, KBC, Argenta, DKV, Allianz), public institutions (Flanders State of the Art, Ctie, Bpost, Belgian Rail) or industrials (Daikin, Bosch).