Announced
Completed
Financials
Sources
Tags
Acquisition
Venture Capital
Minority
Software
identity verification solutions
United States
Completed
Private
Private Equity
Friendly
Domestic
cybersecurity
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.