What is Trulioo?
Founded in 2011, Trulioo provides a comprehensive suite of tools designed to verify online users, addressing critical needs for risk mitigation, compliance, and age verification. Its flagship product, GlobalGateway, leverages a vast network of third-party data sources, including credit bureaus and government databases, to offer robust identity verification services. This capability is essential for businesses operating in an increasingly digital landscape, helping them to onboard customers securely and comply with regulatory requirements.
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, Blumberg Capital, and BDC Venture Capital
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 BDC Capital and Blumberg Capital
Series C (2019): $41.4M with participation from American Express, Santander InnoVentures, Citi Ventures, and Goldman Sachs Growth Equity
Series D (2021): $394M led by Mouro Capital, The TCV, Blumberg Capital, and Amex Ventures
Key Investors in Trulioo
Mouro Capital
Mouro Capital is a venture capital firm specializing in early to growth stage fintech investments across Europe, North America, and Latin America. With $400M in assets under management, the firm aims to support entrepreneurs who are innovating in the financial services sector.
The TCV
The TCV delivers over 30 contracts in the North West, North East and South West of England. The TCV delivers local solutions that work and help employers fill vacancies and develop their workforce.
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.
What's next for Trulioo?
The significant enterprise-level funding Trulioo has garnered, particularly the recent strategic investment, positions the company for accelerated growth. This capital infusion is likely to be directed towards enhancing its global identity verification capabilities, expanding its market reach, and developing new solutions to combat online fraud and ensure regulatory adherence. Trulioo's ongoing success suggests a strong trajectory in the identity verification market, with potential for further innovation and strategic partnerships.
See full Trulioo company page
