How Much Did Socure Raise?
Funding & Key Investors

Socure, the preeminent provider of digital identity verification and fraud prevention solutions, has successfully navigated multiple capital cycles to solidify its market position. With a cumulative backing of $746.6M, the firm has demonstrated consistent growth, most recently securing a $95M in a major strategic investment. This trajectory underscores the company's critical role in the modern digital economy, where real-time identity authentication is paramount for enterprise-level security.

Since its inception in 2012, Socure has evolved from an early-stage innovator into a cornerstone of the fintech infrastructure. The company's ability to attract high-caliber institutional support across various funding rounds—ranging from initial Series A financing to substantial debt and equity infusions—reflects strong investor confidence in its proprietary technology and long-term scalability.

What is Socure?

Socure
SoftwareSecurity Software

Socure operates at the intersection of artificial intelligence and cybersecurity, providing a comprehensive platform designed to verify identities in real-time. By leveraging advanced data science, the company enables organizations to eliminate identity fraud while simultaneously streamlining the onboarding process for legitimate users. Its market position is defined by its 'gold standard' status, serving a diverse array of enterprise clients who require robust, scalable, and accurate identity solutions to mitigate risk in an increasingly complex digital landscape.

How much funding has Socure raised?

Socure has raised a total of $746.6M across 11 funding rounds:

2015

Debt

$2.3M

2016

Private Equity

$13M

2017

Series B

$13.9M

2019

Series C

$30M

2020

Private Equity

$35M

2021

Series D

$100M

Series E

$450M

2023

Debt

$95M

Debt (2015): $2.3M featuring Vedanta Capital Management, Flint Capital, and ff Venture Capital

Private Equity (2016): $13M backed by Flint Capital, Santander Corporate & Commercial, ff Venture Capital, and Two Sigma Ventures

Series B (2017): $13.9M with participation from Flint Capital, Work-Bench, Synchrony Financial, Santander InnoVentures, and Two Sigma Ventures

Series C (2019): $30M led by BA Venture Partners and Flint Capital

Private Equity (2020): $35M supported by Flint Capital, Citi Ventures, Commerce Ventures, MVB Financial, Wells Fargo, BA Venture Partners, and Sorenson Ventures

Series D (2021): $100M featuring Flint Capital, Accel Partners BV, BA Venture Partners, and Commerce Ventures Management LLC

Series E (2021): $450M backed by T. Rowe Price, Tiger Global Management, Two Signa Ventures, and Accel

Debt (2023): $95M with participation from KeyBanc Capital Markets, Chase, and Silicon Valley Bank

Key Investors in Socure

Flint Capital

Flint Capital Fund specializes in venture capital investments, focusing on providing financial support to innovative startups and growth-stage companies.

ff Venture Capital

ff Venture Capital is a leading seed and early-stage venture capital firm based in New York, focused on investing in emerging industries such as AI and Security.

Two Sigma Ventures

Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power.

What's next for Socure?

Looking ahead, the recent capital injection positions Socure to further accelerate its product roadmap and expand its footprint within the global enterprise sector. As the demand for sophisticated fraud prevention tools continues to rise, the company is well-positioned to leverage its existing network of strategic partners and investors to drive further innovation. Future growth will likely focus on enhancing its AI-driven verification capabilities and deepening its penetration into new international markets, ensuring that Socure remains at the forefront of the digital identity revolution.

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Frequently Asked Questions Regarding Socure Financial Insights

What are the most recent funding rounds that Socure has completed, and what were the funding rounds?
Socure has recently completed 3 funding rounds: Debt on Mar 8, 2023, Series E on Nov 9, 2021, Series D on Mar 18, 2021.
What is the total amount of funding Socure has raised to date?
Socure has raised a total of $746.6M in funding to date.
How many funding rounds has Socure completed?
Socure has completed 3 funding rounds.
How much funding did Socure raise in its most recent funding round?
Socure raised $95M in its most recent funding round.
Who are the lead investors in Socure's latest funding round?
The lead investor in Socure's latest funding round was KeyBanc Capital Markets. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Socure's history?
The largest funding round in Socure's history was $450M.
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