Legitimate
Advanced security chips linking physical goods to digital identities, ensuring authenticity and deterring counterfeits.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | $4.3m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 75 % | 266 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Legitimate.tech is a startup that operates in the technology and retail sectors, providing a unique solution to authenticate and protect physical products from counterfeiting. Their primary product, the LGT Tag, is a small, discreet device that can be attached to virtually any product, from sneakers to hoodies. Each tag is encoded and encrypted with advanced security protocols, creating a direct link between the physical product and a digital identity. This 'phygital' combination offers unprecedented transparency in product authenticity and provenance.
Once scanned, the LGT Tag provides access to a customizable digital experience, including authenticity information, exclusive digital content, and integrations with major video-game and metaverse ecosystems. This innovative approach not only ensures the authenticity of the product but also enhances the user experience by offering unique digital content.
Legitimate.tech's business model is based on selling these LGT Tags to manufacturers and retailers who want to protect their products from counterfeiting and offer their customers an enhanced product experience. The tags are compatible with industry-standard blockchain protocols and work seamlessly with third-party NFT tools and platforms like Tokenproof, Shopify, and OpenSea.
In simple terms, Legitimate.tech is a company that helps other businesses protect their products from being copied and offers a unique way for customers to interact with the products they buy.
Keywords: LGT Tag, product authenticity, anti-counterfeiting, digital identity, blockchain protocols, NFT tools, physical goods, digital content, product provenance, user experience.