What is Red Violet?
Red Violet Inc. operates as a leading provider of identity and information solutions, specializing in real-time identification and location services for people, businesses, and assets. The company's data-driven platforms are instrumental in supporting critical business functions such as fraud detection and prevention, identity verification, comprehensive due diligence, effective risk mitigation, and strategic customer acquisition. This focus on robust data intelligence positions Red Violet as an essential partner for organizations navigating complex information landscapes.
How much funding has Red Violet raised?
Red Violet has raised a total of $30.5M across 3 funding rounds:
Private Equity
$7.5M
Debt
$2M
Stock Offering
$21M
Private Equity (2019): $7.5M with participation from Undisclosed
Debt (2020): $2M led by PPP
Stock Issuance/Offering (2021): $21M, investors not publicly disclosed
What's next for Red Violet?
With the recent major strategic investment, Red Violet is poised to accelerate its development and market penetration. The enterprise-level funding suggests a focus on scaling operations, enhancing its technological infrastructure, and potentially expanding its service offerings to address evolving market demands in identity verification and risk management. This strategic capital infusion is expected to solidify its competitive advantage and drive further innovation in the information solutions space.
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