Veriff, a Tallinn, Estonia-based premier global identity verification (IDV) provider, announced that it raised $100 million in Series C financing.
The round was co-led by Tiger Global and Alkeon, joined by existing investors IVP and Accel. This round brings Veriff's total funding to $200 million and its valuation to $1.5 billion, as it aims to expand its global customer base and deliver trusted online identity verifications.
The new financing will be used to accelerate Veriff's global growth and invest in R&D, especially to advance product expansion. The company will also grow its sales and marketing teams to onboard more global clients and build on recent customer success programs.
In addition, Veriff will expand its global workforce, 360 strong today and made up of 46 different nationalities and counting.
Company: Veriff Inc.
Raised: $100.0M
Round: Series C
Funding Month: January 2022
Lead Investors: Tiger Global and Alkeon
Additional Investors: IVP and Accel
Company Website: https://www.veriff.com/
Software Category: AI-powered identity verification software
About the Company: Founded in 2015, Veriff is a global online identity verification company that enables organizations to build trust with their customers through intelligent, accurate, and automated online IDV. With the largest document specimen database on the market, Veriff's intelligent decision engine can analyze thousands of technological and behavioral variables in seconds, matching people to more than 10,000 government-issued IDs from over 190 countries and in 40 languages, Veriff serves a global portfolio of organizations across fintech, crypto, gaming, and mobility sectors.
Source: https://www.prnewswire.com/news-releases/veriff-raises-100m-series-c-at-1-5b-valuation-co-led-by-tiger-global-and-alkeon-301469002.html