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Announced

Completed

TCV led a $394m series D funding round in Trulioo.

Financials

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Transaction Value£345m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cybersecurity

Completed

Software

Cross Border

Minority

Single Bidder

Friendly

Canada

Venture Capital

Private Equity

identity verification solutions

Acquisition

Private

Synopsis

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TCV, an American investment firm, led a $394m series D funding round in Trulioo, a global identity verification company, with participation from Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. “The shift to online has brought digital identity to the forefront. This new round of funding will enable us to accelerate our goal to become an end-to-end identity platform. Our vision is to break down fragmented data silos caused by disparate identity networks, and we will work in partnership with TCV to expand our investments in product innovation, build out artificial intelligence/machine learning capabilities and accelerate our global go-to-market strategy,” Steve Munford, Trulioo President and CEO.

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