What is Trulioo?
Founded in 2011, Trulioo offers a comprehensive suite of identity verification solutions designed to help businesses authenticate their online users. Its flagship product, GlobalGateway, is an electronic identity verification service that leverages a vast network of third-party data sources, including credit bureaus and government databases, to mitigate risk, ensure compliance, and facilitate age verification. This robust platform is critical for companies operating in regulated industries or those seeking to enhance trust and security in their digital interactions.
How much funding has Trulioo raised?
Trulioo has raised a total of $475.3M across 7 funding rounds:
Angel/Seed
$2M
Series A
$6M
Private Equity
$15M
Series B
$10M
Private Equity
$6.9M
Series C
$41.4M
Series D
$394M
Angel/Seed (2012): $2M with participation from Blumberg Capital
Series A (2014): $6M led by BDC Venture Capital, Blumberg Capital, and Tenfore Holdings
Private Equity (2015): $15M supported by BDC Venture Capital, American Express, and Blumberg Capital
Series B (2018): $10M featuring BDC Venture Capital
Private Equity (2019): $6.9M backed by Blumberg Capital and BDC Capital
Series C (2019): $41.4M with participation from Santander InnoVentures, Goldman Sachs Growth Equity, American Express, and Citi Ventures
Series D (2021): $394M led by Amex Ventures, Blumberg Capital, The TCV, and Mouro Capital
Key Investors in Trulioo
Amex Ventures
Amex Ventures is the venture capital arm of American Express, focusing on investments in companies that enhance the American Express ecosystem and customer experience, particularly in areas like payments, technology, and financial services.
Blumberg Capital
Blumberg Capital is an early and growth stage venture capital firm that partners with visionary technology founders from inception to exit. The firm provides capital, serves as active board members, and offers hands-on advisory support to help companies navigate their growth journey.
The TCV
The TCV delivers over 30 contracts in the North West, North East and South West of England, providing employment and training services. It is the trading arm of The Conservation Volunteers, with proceeds supporting the charity's work.
What's next for Trulioo?
The substantial enterprise-level funding Trulioo has garnered, particularly the recent strategic investment, positions the company for accelerated expansion and innovation. This capital infusion is expected to fuel further development of its identity verification technologies, enhance its global reach, and strengthen its competitive advantage in the rapidly evolving digital identity market. Trulioo is poised to continue its trajectory as a leader in combating online fraud and enabling secure digital transactions worldwide.
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