What is SheerID?
Founded in 2011 and headquartered in Eugene, Oregon, SheerID operates within the Media & Internet sector, offering a sophisticated digital verification platform. This technology enables businesses to instantly confirm the identity of individuals and organizations, a critical function in today's digital economy. The company's solutions are designed to streamline verification processes, reduce fraud, and enhance customer experiences across various industries. SheerID's enterprise-level funding indicates its established position and its capacity for large-scale operations and market penetration.
How much funding has SheerID raised?
SheerID has raised a total of $98.2M across 9 funding rounds:
Private Equity
$930K
Private Equity
$1.4M
Private Equity
$2M
Private Equity
$1.5M
Series A
$5.3M
Debt
$2.1M
Other Financing Round
$2.9M
Series B
$18M
Other Financing Round
$64M
Private Equity (2012): $930K, investors not publicly disclosed
Private Equity (2013): $1.4M, investors not publicly disclosed
Private Equity (2014): $2M, investors not publicly disclosed
Private Equity (2015): $1.5M, investors not publicly disclosed
Series A (2015): $5.3M backed by Voyager Capital and Arnold Venture Group
Debt (2017): $2.1M, investors not publicly disclosed
Other Financing Round (2017): $2.9M led by Voyager Capital
Series B (2018): $18M supported by Centana Growth Partners, Voyager Capital, and Arnold Venture Group
Other Financing Round (2019): $64M featuring Centana Growth Partners, Voyager Capital, and CVC Growth Partners
Key Investors in SheerID
Centana Growth Partners
Centana Growth Partners is a growth equity fund specializing in the financial services, fintech, and enterprise software sectors. They provide tailored investments to rapidly growing companies, leveraging their extensive network to support portfolio companies' success.
Voyager Capital
Voyager Capital focuses on first-round venture investments in the Pacific Northwest, particularly in B2B software, cloud infrastructure, and AI/machine learning applications. They offer entrepreneurs extensive support and industry connections.
Arnold Venture Group
Arnold Venture Group, also known as Fortson Venture Capital, is a Seattle-based firm investing in digital and software startups, with a focus on seed-stage B2B solutions in enterprise software, data enablement, and AI.
What's next for SheerID?
The substantial enterprise-level funding and recent strategic investment position SheerID for accelerated expansion and product development. With a focus on scaling its digital verification services, the company is poised to further solidify its market leadership. Future initiatives will likely involve enhancing its platform capabilities, expanding its client base, and exploring new verticals where precise identity verification is paramount. The consistent backing from key investors suggests a strategic roadmap focused on sustainable growth and technological innovation in the identity verification landscape.
See full SheerID company page
