What is Red Violet?
Red Violet Inc. operates as a leading provider of identity and information solutions, specializing in the real-time identification and location of people, businesses, and assets, along with their interrelationships. Its data-driven platforms are engineered to support critical business functions such as fraud detection and prevention, identity verification, due diligence, risk mitigation, and customer acquisition. The company's comprehensive data ecosystem enables clients to navigate complex information landscapes with enhanced accuracy and efficiency.
How much funding has Red Violet raised?
Red Violet has raised a total of $30.5M across 3 funding rounds:
Private Equity
$7.5M
Debt
$2M
Stock Offering
$21M
Private Equity (2019): $7.5M with participation from Undisclosed
Debt (2020): $2M led by PPP
Stock Issuance/Offering (2021): $21M, investors not publicly disclosed
Key Investors in Red Violet
Undisclosed Investors
PPP
Public-Private Partnership
What's next for Red Violet?
With the recent influx of capital, Red Violet is strategically positioned to further enhance its technological capabilities and expand its market reach. The enterprise-level backing suggests a focus on scaling operations and potentially pursuing strategic acquisitions or partnerships to solidify its leadership in the identity and information solutions sector. Future developments are likely to center on leveraging its extensive data assets to address evolving market demands for robust identity verification and risk management tools.
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