What is Evident?
Evident is at the forefront of identity assurance, providing a secure platform that enables businesses to verify customer identities without directly handling sensitive personal data. By connecting to thousands of authoritative sources via a single API, Evident offers comprehensive, accurate, and up-to-date identity and credential verifications. This unique capability mitigates the risks and liabilities associated with data storage, positioning Evident as a critical solution for businesses navigating complex regulatory landscapes and seeking to build trust with their clientele. The company's technology is designed to streamline verification processes while upholding stringent privacy standards.
How much funding has Evident raised?
Evident has raised a total of $45.2M across 6 funding rounds:
Debt
$1.2M
Series A
$8.8M
Series B
$20M
Debt
$350K
Debt
$871K
Other Financing Round
$14M
Debt (2016): $1.2M, investors not publicly disclosed
Series A (2017): $8.8M led by New Enterprise Associates
Series B (2019): $20M supported by Aspect Ventures, Tom Noonan, Blue Cloud Ventures, and New Enterprise Associates
Debt (2020): $350K featuring PPP
Debt (2021): $871K backed by PPP
Other Financing Round (2022): $14M with participation from Forté Ventures, Alumni Ventures, and Gaingels
Key Investors in Evident
Forté Ventures
Forté Ventures is an institutional venture capital firm that specializes in collaborating and co-investing with Corporate Venture Capital groups, believing that strategic corporate investors can significantly enhance the growth potential of startups. They aim to be a trusted partner for entrepreneurs, investors, and corporate ventures.
Alumni Ventures
Alumni Ventures Group (AVG) creates and manages alumni venture capital funds at top colleges and universities, offering a tested playbook, structures, processes, staff, and regulatory knowledge to manage venture capital firms.
Gaingels
Gaingels is the leading investment syndicate supporting the LGBTQ community and allies in venture capital, having deployed over $380,000,000 into a portfolio of over 600 companies since 2014. They invest in companies with LGBT founders and C-suite leaders, as well as high-growth companies focused on inclusive teams.
What's next for Evident?
The recent major strategic investment in Evident, following a history of Series A and Series B financing rounds, indicates a strategic pivot or expansion phase. This capital injection is likely to fuel further development of its Identity Assurance Platform, enhance its market reach, and potentially explore new verticals where secure identity verification is paramount. Evident's focus on a risk-free data sharing model positions it for substantial growth in an increasingly data-conscious world. Future endeavors may include expanding its network of authoritative sources, forging strategic partnerships, and scaling its operations to meet growing global demand for robust identity solutions.
See full Evident company page
