What is Veriff?
Founded in 2015 and headquartered in Tallinn, Estonia, Veriff operates as a comprehensive online identity verification platform. The company provides robust solutions for businesses requiring secure and efficient customer onboarding and identity checks. Veriff's technology aims to combat fraud and streamline digital transactions by offering a high level of assurance in user identity.
How much funding has Veriff raised?
Veriff has raised a total of $192.2M across 4 funding rounds:
Series A
$7.7M
Unspecified
$15.5M
Series B
$69M
Series C
$100M
Series A (2018): $7.7M, investors not publicly disclosed
Unspecified (2020): $15.5M led by Undisclosed
Series B (2021): $69M supported by IVP and Accel
Series C (2022): $100M featuring Tiger Global Management and Alkeon Capital Management
Key Investors in Veriff
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across public and private markets, known for its significant investments in technology companies.
Alkeon Capital Management
Alkeon Capital Management is an investment management firm that focuses on strategic investments in growth-stage companies.
IVP
IVP (Institutional Venture Partners) is a venture capital firm specializing in later-stage technology companies, particularly those in the enterprise and consumer sectors, supporting them through significant growth phases.
What's next for Veriff?
With its recent major strategic investment, Veriff is poised for accelerated growth and market penetration. The substantial capital infusion, part of its $192.2M in total financing, will likely be directed towards enhancing its technological capabilities, expanding its global reach, and strengthening its position against emerging threats in the digital identity landscape. This strategic backing signals strong investor confidence in Veriff's business model and its potential to lead the identity verification sector.
See full Veriff company page
