.
MergerLinks Header Logo

New Deal


Announced

Completed

Accel led a $100m Series D funding round in Socure.

Financials

Edit Data
Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Software

Acquisition

United States

Minority

identity verification solutions

Private

Private Equity

Venture Capital

Domestic

Completed

Friendly

Synopsis

Edit

Accel, a venture capital firm, led a $100m Series D funding round in Socure, a provider of digital identity verification technology. The round was joined by Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson and Two Sigma Ventures. “The Covid-19 year accelerated our global shift to a digital-first economy and with that came security challenges. The Socure team accurately predicted the immediate need for identity verification solutions in industries like banking and fintech, and we’re excited by the tremendous opportunity as Socure expands to support new industries,” Amit Jhawar, Accel Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US