IDnow, a Munich, Germany-based leading European identity proofing, and digital identity provider announced that it raised €60 million in funding, a new debt facility from funds and accounts managed by BlackRock.

The debt facility will enable IDnow to leverage its existing market-leading identity platform. 

The funds will be used to increase investments in a variety of strategic projects, such as the introduction of new identity-proofing solutions, continuous geographic expansion, and future acquisitions.

Company: IDnow GmbH

Raised: €60.0M

Round: Debt Facility

Funding Month: Aug 2022

Lead Investors: BlackRock

Additional Investors: 

Company Website: https://www.idnow.io/

Software Category: Identity Verification-as-a-Service platform

About the Company: IDnow was founded in 2014 in Munich and offers a comprehensive suite of identity proofing solutions addressing a wide range of mission-critical use cases from low to high assurance levels. The company is a demonstrated technology leader, with advanced AI-driven capabilities and a vertical orchestration platform maximizing conversion and accuracy. IDnow serves over 900 sector-leading enterprise customers across multiple verticals with coverage of 195 countries.

Source: https://www.idnow.io/pr/idnow-secures-new-60-million-debt-facility/