Socure, a specialist in 100 per cent digital identity trust, has secured USD100 million in a Series D round of funding led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
This round brings Socure’s total funding to USD196 million, following a recent USD35 million investment less than six months ago led by Sorenson Ventures.
Already the leader in financial services, the new financing will support Socure’s rapid expansion across every consumer-facing vertical including online gaming, healthcare, telco, e-commerce, and on-demand services. Proceeds from the round will also accelerate product innovation as the company’s patent portfolio grows and the company continues to attract top talent. Amit Jhawar, Partner at Accel and former General Manager of Venmo, will join the board of directors at Socure.
Source: Private Equity Wire
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