What is Socure?
Founded in 2012, Socure is dedicated to verifying 100% of good identities in real-time while eradicating online identity fraud. The company's advanced platform leverages artificial intelligence and machine learning to provide a comprehensive suite of identity verification solutions. Socure's technology is crucial for businesses operating in regulated industries, enabling them to onboard customers securely and compliantly, thereby mitigating risks associated with fraudulent activities. Its mission to establish a trusted digital identity ecosystem positions it as a critical player in the cybersecurity and fintech landscapes.
How much funding has Socure raised?
Socure has raised a total of $746.6M across 11 funding rounds:
Debt
$2.3M
Private Equity
$13M
Series B
$13.9M
Series C
$30M
Private Equity
$35M
Series D
$100M
Series E
$450M
Debt
$95M
Debt (2015): $2.3M featuring ff Venture Capital, Flint Capital, and Vedanta Capital Management
Private Equity (2016): $13M backed by Flint Capital, Santander Corporate & Commercial, Two Sigma Ventures, and ff Venture Capital
Series B (2017): $13.9M with participation from Synchrony Financial, Work-Bench, Two Sigma Ventures, Santander InnoVentures, and Flint Capital
Series C (2019): $30M led by BA Venture Partners and Flint Capital
Private Equity (2020): $35M supported by MVB Financial, Citi Ventures, Commerce Ventures, Flint Capital, Sorenson Ventures, BA Venture Partners, and Wells Fargo
Series D (2021): $100M featuring Accel Partners BV, Flint Capital, BA Venture Partners, and Commerce Ventures Management LLC
Series E (2021): $450M backed by Two Signa Ventures, Accel, T. Rowe Price, and Tiger Global Management
Debt (2023): $95M with participation from Silicon Valley Bank, KeyBanc Capital Markets, and Chase
Key Investors in Socure
Founder Collective
Founder Collective is a venture capital fund focused on seed and pre-seed investments, partnering with exceptional entrepreneurs from the idea stage to IPO. The firm emphasizes founder alignment and supports innovative startups across various sectors, demonstrating a commitment to long-term relationships with founders.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power. The firm focuses on technology that enhances human potential, breakthrough therapies, artificial intelligence, and online safety for children.
ff Venture Capital
ff Venture Capital (ffVC) is a leading seed and early-stage venture capital firm based in New York, focused on investing in emerging industries such as AI, Manufacturing, Energy, Robotics, and Security. Established in 2008, the firm actively collaborates with founders to develop companies that have the potential to significantly impact markets and society.
What's next for Socure?
With its substantial funding, Socure is poised for accelerated growth and market penetration. The recent capital infusion is anticipated to bolster its product development, enhance its AI capabilities, and expand its global reach. Strategic investments like these signal strong investor confidence in Socure's business model and its potential to address the escalating challenges of digital identity fraud. The company is expected to continue its trajectory of innovation, solidifying its leadership in the identity verification market and exploring new avenues for growth and strategic partnerships.
See full Socure company page
