What is Veriff?
Founded in 2015 and headquartered in Tallinn, Estonia, Veriff operates as a sophisticated online identity verification platform. The company utilizes advanced AI-driven technology to provide seamless, secure, and scalable identity verification services. By automating the authentication process, Veriff enables businesses to mitigate fraud, ensure regulatory compliance, and enhance user trust. Its market position is defined by its ability to handle complex verification requirements for enterprise-level clients, making it a vital component of the modern fintech and digital security infrastructure.
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 a prominent investment firm that deploys capital across both public and private markets, focusing on high-growth technology companies.
Alkeon Capital Management
Alkeon Capital Management is a New York-based investment management firm known for its strategic participation in growth-stage technology financing.
IVP
IVP is a Menlo Park-based venture capital firm specializing in later-stage growth investments, supporting companies through scale-up phases and liquidity events.
What's next for Veriff?
Looking ahead, the strategic deployment of the $100M will likely focus on scaling operations and deepening the company's technological moat. As the digital landscape faces evolving security threats, Veriff is expected to prioritize the enhancement of its biometric verification capabilities and the expansion of its global compliance framework. This capital injection provides the necessary runway to pursue aggressive growth strategies, potentially including strategic partnerships or further product diversification to maintain its competitive edge in the identity verification space.
See full Veriff company page