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Handwave

Riga, LT · 4 known investors

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Handwave builds palm-based biometric payment technology for retailers, enabling identity verification, age checks, loyalty program enrollment, and payment through a single hand scan. Its plug-and-play palm scanning device integrates with point-of-sale and electronic cash register systems and uses palm geometry, vein patterns, and liveness detection for fraud prevention.

AI & Machine LearningCybersecurityDeep TechFintechHardwareRetail Tech

Investors · 4

Inovo VC✓ confirmed by HandwaveWarsaw · $540K – $4.3M

How we know: the company's own site · Inovo VC's portfolio page · retailtechinnovationhub.com · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

Outlast Fund✓ confirmed by HandwaveRiga · $54K – $270K

How we know: the company's own site · retailtechinnovationhub.com · Not right? Tell us

Practica Capital✓ confirmed by HandwaveVilnius · $324K – $3.2M

How we know: the company's own site · retailtechinnovationhub.com · Not right? Tell us

Funding

SEC filings, press & company announcements

$4.2M disclosed across 1 of 2 rounds · 2025

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Handwave do?
Handwave builds palm-based biometric payment technology for retailers, enabling identity verification, age checks, loyalty program enrollment, and payment through a single hand scan. Its plug-and-play palm scanning device integrates with point-of-sale and electronic cash register systems and uses palm geometry, vein patterns, and liveness detection for fraud prevention.
Who are Handwave's investors?
Handwave's investors include Firstpick, Inovo VC, Outlast Fund, Practica Capital.
How much funding has Handwave raised?
Handwave has disclosed $4.2M raised across 1 of its 2 known rounds.
Where is Handwave headquartered?
Handwave is headquartered in Riga, LT.