What is Trulioo?
Founded in 2011 and headquartered in Vancouver, Canada, Trulioo provides a comprehensive suite of identity verification tools designed to meet the rigorous demands of modern compliance and risk management. Its flagship service, GlobalGateway, enables organizations to verify the identities of users by cross-referencing data against a vast array of third-party sources, including government databases, credit bureaus, and mobile network operators. By streamlining the onboarding process while ensuring stringent regulatory adherence, Trulioo has established itself as an essential partner for enterprises navigating the complexities of digital trust and fraud prevention.
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 Tenfore Holdings, BDC Venture Capital, and Blumberg Capital
Private Equity (2015): $15M supported by Blumberg Capital, American Express, and BDC Venture Capital
Series B (2018): $10M featuring BDC Venture Capital
Private Equity (2019): $6.9M backed by BDC Capital and Blumberg Capital
Series C (2019): $41.4M with participation from Citi Ventures, American Express, Santander InnoVentures, and Goldman Sachs Growth Equity
Series D (2021): $394M led by Mouro Capital, The TCV, Amex Ventures, and Blumberg Capital
Key Investors in Trulioo
Blumberg Capital
Blumberg Capital is an early and growth stage venture capital firm that partners with visionary technology founders from inception to exit, providing hands-on advisory support.
American Express
American Express operates as a global financial services organization specializing in payment solutions and travel services, leveraging its infrastructure to support innovative fintech ventures.
BDC Venture Capital
BDC Venture Capital provides a wide range of financial and consulting services to small businesses, with a specific focus on technology and exporting sectors.
What's next for Trulioo?
With the recent influx of capital, Trulioo is well-positioned to accelerate its product development and deepen its market penetration. The strategic focus will likely center on enhancing the GlobalGateway platform to address emerging threats in the digital identity space, such as sophisticated synthetic identity fraud. As the company transitions into its next phase of maturity, the emphasis will remain on scaling its global operations and maintaining its competitive edge through continuous innovation in automated compliance and risk mitigation technologies. The backing from major financial institutions and venture firms provides the necessary runway to sustain this momentum and solidify its leadership in the identity verification market.
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