Fundraising Fox

Indicio

Seattle, US · 14 known investors

Find your way into Indicio

244 people in our graph share verified history with the Indicio team — schools, employers, funds. One of them is your warm intro.

Andrewunlockedknows Frances Donegan-Ryan · together at University of Washington (overlapped)
×4knows the team · via University of Washington
×6knows the team · via AIESEC
knows the team · via Highspot

Indicio is a technology company focused on decentralized identity and verifiable credential solutions, offering products and services built on distributed ledger and network infrastructure. It serves organizations seeking trusted digital identity and data verification tools.

AI & Machine LearningCybersecurityData & InfrastructureDeep TechEnterprise SoftwareFintechGovTech

Founders & leadership

FDFrances Donegan-Ryan
Frances Donegan-RyaninFounderFrances Donegan-Ryan held positions at Microsoft and Amazon before co-founding Indicio in 2020, where she leads work on verifiable credentials and trusted data technology. She has worked across corporate, nonprofit, and startup environments, developing expertise in business strategy, operations, and DEI initiatives.
HCHeather C. Dahl
Heather C. DahlinChief Executive Officer
KEKen Ebert
Ken EbertinChief Technical Officer
HGHelen Garneau
Helen GarneauinChief Marketing Officer
RS
Richard SamuelsonChief Financial Officer
SHScott Harris
Scott HarrisinChief Operations Officer

Investors · 14

Black Mountain Investment Group✓ verifiedNew York City
37 AngelsNew York · $25K
K Street CapitalWashington
Swan Venture FundSeattle · $200K – $1.2M
TCP Venture CapitalBaltimore
Alliance of Angelsreported · 2 sourcesSeattle
Hard Yakareported · 2 sourcesMuir Beach

Also in the syndicate · 7

Angel Investment TrustBreakaway Partners OUDingman Center AngelsLiquid Avatar Technologies IncLiquid Avatar Technologies Inc.NuFund Venture Group fma Tech Coast Angels - San DiegoSWAN Venture Group

Funding

SEC filings, press & company announcements

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

In the news

INDICIO SECURES INVESTMENT FROM NEC X, ACCELERATING A NEW ERA OF USER-CONTROLLED DIGITAL IDENTITY: Press Releases | NECnec.com · Nov 2025Indicio raises $3.5M to scale up decentralized digital ID services | Biometric Updatebiometricupdate.com · Apr 2022Indicio lands $3.5M to help companies verify digital credentials using blockchain tech – GeekWiregeekwire.com · Apr 2022Indicio Secures $3.5 Million in Oversubscribed Seed Round | AP Newsapnews.com · Apr 2022About Indicio — The Trust Infrastructure Behind Decentralized Identityindicio.tech · Jun 2021Indicio raised more money from existing investors. | Nordic 9nordic9.com · Mar 2020

Frequently asked questions

What does Indicio do?
Indicio is a technology company focused on decentralized identity and verifiable credential solutions, offering products and services built on distributed ledger and network infrastructure. It serves organizations seeking trusted digital identity and data verification tools.
Who founded Indicio?
Indicio was founded by Frances Donegan-Ryan, Heather C. Dahl.
Who are Indicio's investors?
Indicio's investors include Black Mountain Investment Group, 37 Angels, K Street Capital, Swan Venture Fund, TCP Venture Capital, Alliance of Angels, Hard Yaka.
Where is Indicio headquartered?
Indicio is headquartered in Seattle, US.