Accel and T. Rowe Price led a $450m Series E funding round in Socure.

Private equity firms Accel and T. Rowe Price led a $450m Series E funding round in Socure, an identity proofing company. Additional investors include Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners and Sorenson Ventures. The company plans to use the funds in two ways — to execute on its mission to verify 100% of good identities and completely eliminate identity fraud and to increase its investments across the entire identity verification lifecycle, further developing proofing and authentication processes, per Ayers. Ayers anticipates seeing rapid growth in Socure’s online gaming, cryptocurrency and e-commerce marketplace clients.