ID.me raises $16M Series B (TechBUZZ ’11 Spring)
ID.me, a federally accredited digital identity company, today announced that it secured a $19 million Series B investment led by FTV Capital. With the financing, the company will further invest in sales, marketing and product development. ID.me’s Identity Gateway allows individuals to tie their legal identity to a digital login that is accepted across multiple websites, eliminating the need to create a new login or to verify identity at each site directly. As part of the transaction, FTV Capital partner Liron Gitig will join the company’s board of directors.
“Establishing trust between two parties is a necessary step to delivering high-value services online,” said Blake Hall, CEO and founder of ID.me. “When users can’t prove who they are online in a secure and efficient manner, they either give up out of frustration or resort to time intensive, frustrating processes to prove their identity such as in-person visits and manual paper-based processes. ID.me’s technology makes it easy for individuals to securely verify their identity online in order to increase access to important services like government benefits, healthcare, and banking. We are excited to partner with FTV Capital because of their longstanding track record in helping innovative, high growth companies scale, especially in enterprise technology, security and financial services.”