How Much Did Veriff Raise?
Funding & Key Investors

Veriff, a prominent player in the digital identity verification sector, has successfully secured significant capital to bolster its market position. With a cumulative total funding amount reaching $192.2M, the firm continues to attract high-profile backing. The most recent strategic investment of $100M underscores the company's rapid trajectory and its critical role in providing secure, automated identity solutions for global enterprises.

This latest infusion of capital serves as a testament to the growing demand for robust KYC and AML compliance tools in an increasingly digitized economy. By leveraging these resources, Veriff is well-positioned to accelerate its product development and expand its footprint across international markets.

What is Veriff?

Veriff
SoftwareSecurity Software

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:

2018

Series A

$7.7M

2020

Unspecified

$15.5M

2021

Series B

$69M

2022

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.

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Frequently Asked Questions Regarding Veriff Financial Insights

What are the most recent funding rounds that Veriff has completed, and what were the funding rounds?
Veriff has recently completed 3 funding rounds: Series C on Jan 26, 2022, Series B on Apr 13, 2021, Unspecified on Jul 1, 2020.
What is the total amount of funding Veriff has raised to date?
Veriff has raised a total of $192.2M in funding to date.
How many funding rounds has Veriff completed?
Veriff has completed 3 funding rounds.
How much funding did Veriff raise in its most recent funding round?
Veriff raised $100M in its most recent funding round.
Who are the lead investors in Veriff's latest funding round?
The lead investor in Veriff's latest funding round was Tiger Global Management. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Veriff's history?
The largest funding round in Veriff's history was $100M.
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