ID.me Raises $132 Million in Series D

by Kay Aloha Villamor in April 12th, 2023

ID.me, a McLean, VA-based identity company that empowers consumers to easily access online services and benefits while controlling their personal data, also announced that it has raised $132 million in Series D funding.

The round was led by Viking Global Investors, with participation from CapitalG, Morgan Stanley Counterpoint, FTV Capital, PSP Growth, Auctus Investment Group, Moonshots Capital, and Scout Ventures.

The latest round brings the total investment in the company to more than $240 million since its founding in 2010.

"We are fortunate to have Samantha join our senior leadership team, given her excellent track record in growing companies to serve their customers and business partners," said Blake Hall, ID.me co-founder, and CEO. "Her expertise will support our mission to provide our more than 100 million members with a safe and secure digital identity credential facilitating access across services, benefits, healthcare, and commerce without selling their personal data. Samantha is joining our team at the right time, after we closed our Series D funding and surpassed 100 million members. These are big milestones toward our vision to streamline access to benefits and services while ensuring no identity is left behind."

ID.me is committed to “No Identity Left Behind” to enable all people to have a secure digital identity. The company provides identity proofing, authentication, and group affiliation verification for organizations across sectors.

Company: ID.me, Inc.

Raised: $132.0M

Round: Series D

Funding Month: April 2023

Lead Investors: Viking Global Investors

Additional Investors: CapitalG, Morgan Stanley Counterpoint, FTV Capital, PSP Growth, Auctus Investment Group, Moonshots Capital, and Scout Ventures

Company Website: https://www.id.me/

Software Category: Identity Verification and Authentication

About the Company: ID.me is a SaaS company that provides identity verification and authentication services for businesses and organizations. The company provides secure login, identity proofing, and community affiliation verification for organizations across sectors. Its platform allows individuals to verify their identity online using a secure and trusted process, and it provides businesses with the tools and technology to verify and authenticate their customers' identities in real time. ID.me digital credentials can be used to access government services, healthcare logins, or discounts from retailers. More than 100 million members can use their ID.me Wallet to easily verify their identity across 30 states, 14 federal agencies, and over 500 name-brand retailers across ID.me’s secure digital identity network. ID.me’s technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. The company is based in McLean, Virginia. 


Source: https://insights.id.me/press-releases/id-me-appoints-samantha-greenberg-as-chief-financial-officer-and-raises-132-million-in-series-d-funding/



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