What is Veriff?
Founded in 2015 and headquartered in Tallinn, Estonia, Veriff operates as a critical player in the digital identity verification space. The company provides a robust platform designed to authenticate users online, combating fraud and ensuring compliance in an increasingly digital world. Veriff's technology is instrumental for businesses requiring secure and seamless customer onboarding processes, covering a wide array of industries that demand high levels of trust and security in their online interactions. The company's consistent ability to attract significant investment, including major rounds like Series C and Series B, highlights its pivotal role in shaping the future of secure digital 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 deploying capital in both public and private markets, known for its significant investments in technology companies.
Alkeon Capital Management
Alkeon Capital Management is an investment management firm that likely focuses on growth-stage technology and software companies.
IVP
IVP (Institutional Venture Partners) is a prominent later-stage venture capital firm specializing in high-growth technology companies, particularly those in enterprise and consumer sectors.
What's next for Veriff?
The substantial enterprise-level capital infusion positions Veriff for accelerated expansion and further technological development. With its recent major strategic investment, the company is poised to enhance its global reach, scale its operations, and potentially explore new market segments or product innovations. This strategic backing is likely to fuel advancements in AI-driven verification technologies and strengthen Veriff's competitive edge in the rapidly evolving digital identity market. The company's trajectory suggests a focus on solidifying its leadership position and driving further adoption of its comprehensive identity verification solutions.
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