What is SheerID?
Founded in 2011 and headquartered in Eugene, Oregon, SheerID operates within the Media & Internet industry, specializing in a digital verification platform. This technology enables the instant verification of individuals and businesses, a critical function in today's digital economy. SheerID's solutions are designed to streamline processes and enhance security by accurately confirming identities. The company's focus on robust verification mechanisms positions it as a key player in a market demanding trust and precision.
How much funding has SheerID raised?
SheerID has raised a total of $98.2M across 9 funding rounds:
Private Equity
$930K
Private Equity
$1.4M
Private Equity
$2M
Private Equity
$1.5M
Series A
$5.3M
Debt
$2.1M
Other Financing Round
$2.9M
Series B
$18M
Other Financing Round
$64M
Private Equity (2012): $930K, investors not publicly disclosed
Private Equity (2013): $1.4M, investors not publicly disclosed
Private Equity (2014): $2M, investors not publicly disclosed
Private Equity (2015): $1.5M, investors not publicly disclosed
Series A (2015): $5.3M backed by Arnold Venture Group and Voyager Capital
Debt (2017): $2.1M, investors not publicly disclosed
Other Financing Round (2017): $2.9M led by Voyager Capital
Series B (2018): $18M supported by Centana Growth Partners, Arnold Venture Group, and Voyager Capital
Other Financing Round (2019): $64M featuring Centana Growth Partners, Voyager Capital, and CVC Growth Partners
Key Investors in SheerID
Centana Growth Partners
Centana Growth Partners is a growth equity fund focused on investing in rapidly growing companies within the financial services, financial technology, and related enterprise software sectors. They provide tailored investments to accelerate portfolio company growth.
Voyager Capital
Voyager Capital focuses on first-round venture investments in the Pacific Northwest, specializing in B2B software, cloud infrastructure, and AI-driven applications. They offer strong support and network connections to help startups scale.
Arnold Venture Group
Fortson Venture Capital is a Seattle-based venture capital firm specializing in digital and software investments, with a focus on seed-stage companies and B2B solutions in enterprise software and AI.
What's next for SheerID?
The recent major strategic investment in SheerID signals a strong confidence from its backers in the company's trajectory. This capital infusion, part of its $98.2M in total financing, is likely to be directed towards scaling its operations, enhancing its verification technology, and expanding its market reach. As SheerID continues to grow, its focus will likely remain on providing secure and efficient digital identity solutions, potentially exploring new verticals and partnerships to solidify its leadership in the enterprise verification space.
See full SheerID company page
