Data Zoo, a Sydney, Australia-based provider of global identity verification solutions, has raised $22.7 million (AU$35 million) in Series A funding.
Investors
The round was led by Ellerston JAADE, an Ellerston Capital fund.
Ellerston JAADE pioneers Private Equity (PE) accessibility for individual Australian investors. Their Australian Private Assets Fund, now valued at A$400 million, offers direct investment opportunities in Australian growth companies.
Data Zoo Use of Funds
The company will use the funding to fuel its global expansion and drive the adoption and innovation of its identity verification solutions.
About Data Zoo
Data Zoo offers identity verification solutions for financial institutions, payment platforms, and fintechs, enabling them to verify consumers' and business identities confidently in over 170 countries. The software features advanced data sequencing to enhance efficiency and reduce dropout rates, ultimately improving customer approval rates and revenue realization. Headquartered in Sydney, Australia, Data Zoo has offices in Amsterdam, New Jersey, New Zealand, the Philippines, and Singapore.
Funding Details
Company: Data Zoo Pty Limited
Raised: $22.7M
Round: Series A
Funding Month: May 2024
Lead Investors: Ellerston JAADE
Additional Investors:
Company Website: https://www.datazoo.com/
Software Category: Identity Verification
Source: https://www.datazoo.com/data-zoo-secures-series-a-funding-for-global-expansion