What is Jumio?
Founded in 2010 and headquartered in Palo Alto, California, Jumio has established itself as a critical infrastructure provider for online mobile payments and identity verification. The company specializes in Netverify Trusted Identity as a Service, a sophisticated suite of products designed to facilitate seamless card and ID scanning for both mobile and web-based transactions. By integrating advanced biometric authentication and document verification, Jumio addresses the growing demand for fraud prevention and regulatory compliance in an increasingly digitized global economy. Its market position is defined by its ability to provide high-assurance identity proofing, which is essential for financial institutions, sharing economy platforms, and online retailers seeking to mitigate risk while optimizing user onboarding experiences.
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 Andreessen Horowitz and Kishore Ganji
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
Andreessen Horowitz
A prominent venture capital firm that invests in bold entrepreneurs building the future through technology, with a strong focus on software and fintech innovation.
Millennium
Millennium Technology Value Partners is a full lifecycle partner for generational technology companies, providing flexible capital solutions throughout their growth journey.
Great Hill Partners
A Boston-based private equity firm that focuses on financing the acquisition, recapitalization, or expansion of growth companies in the financial technology and software industries.
What's next for Jumio?
With the recent influx of capital, Jumio is well-positioned to accelerate its product development roadmap and expand its footprint in international markets. The company is expected to focus on enhancing its AI-driven verification capabilities to combat increasingly sophisticated synthetic identity fraud. Furthermore, the strategic nature of this funding suggests a push toward deeper integration with enterprise-level compliance frameworks, allowing Jumio to serve larger, more complex organizations. As the digital landscape evolves, the firm's ability to maintain high-trust environments will be pivotal in sustaining its growth trajectory and maintaining its competitive edge against emerging cybersecurity threats.
See full Jumio company page
