What is Jumio?
Founded in 2010 and headquartered in Palo Alto, California, Jumio specializes in providing robust identity verification and payment services through its "Netverify Trusted Identity as a Service" offering. The company enables businesses to verify customer identities and process mobile and web transactions securely, combating fraud and streamlining user onboarding. Jumio's comprehensive suite of tools addresses the critical need for trust in online interactions, serving a wide array of industries that rely on secure digital engagement. The company's trajectory suggests a strong market position in the identity verification space.
How much funding has Jumio raised?
Jumio has raised a total of $202.8M across 7 funding rounds:
Private Equity
$1.4M
Private Equity
$752K
Series A
$6.5M
Series B
$25.5M
Debt
$3.7M
Private Equity
$15M
Private Equity
$150M
Private Equity (2010): $1.4M, investors not publicly disclosed
Private Equity (2011): $752K, investors not publicly disclosed
Series A (2011): $6.5M, investors not publicly disclosed
Series B (2012): $25.5M featuring Kishore Ganji and Andreessen Horowitz
Debt (2016): $3.7M, investors not publicly disclosed
Private Equity (2016): $15M with participation from Millennium
Private Equity (2021): $150M led by Great Hill Partners
Key Investors in Jumio
Great Hill Partners
Great Hill Partners is a Boston-based private equity firm that has raised over many billions in commitments since inception to finance the acquisition, recapitalisation, or expansion of growth companies in the communications, financial technology, healthcare, information services, internet, media, retail, consumer, and software industries.
Millennium
Millennium Technology Value Partners is a full lifecycle partner for generational technology companies, providing flexible capital solutions throughout their growth journey. With over 20 years of experience, the firm has partnered with leading companies, managing a diverse portfolio that includes structured equity, liquidity solutions, and growth capital. They have made more than 400 investments, resulting in 112 portfolio companies, 16 IPOs, and 67 acquisitions. Their intended clients are technology companies seeking financial support and strategic partnerships.
Andreessen Horowitz
Andreessen Horowitz is a venture capital firm founded by Marc Andreessen and Ben Horowitz in 2009. The firm invests in technology companies across various stages, from seed to growth, with a focus on sectors such as software, internet, and biotechnology. They are known for their active involvement with portfolio companies, providing strategic guidance and operational support.
What's next for Jumio?
The recent major strategic investment in Jumio signals a strong vote of confidence from its backers, positioning the company for accelerated expansion and innovation. This capital infusion is likely to fuel advancements in its identity verification technologies, potentially broadening its service offerings and enhancing its global reach. With a focus on enterprise-level solutions, Jumio is poised to capitalize on the increasing demand for secure and seamless digital identity management. Future developments may include deeper integration with payment ecosystems and further enhancements to its AI-driven fraud detection capabilities, solidifying its role as a leader in the trusted identity market.
See full Jumio company page
