What is Socure?
Socure is a prominent provider of digital identity verification and fraud prevention solutions, founded in 2012. The company's core mission is to ensure the verification of all legitimate online identities in real-time while eradicating internet-based identity fraud. Leveraging advanced AI and machine learning, Socure offers a comprehensive suite of products designed to authenticate users, prevent synthetic identity fraud, and enhance compliance for businesses across various industries. Its platform is recognized for its accuracy and speed, making it a gold standard for organizations requiring robust identity assurance.
How much funding has Socure raised?
Socure has raised a total of $746.6M across 11 funding rounds:
Debt
$2.3M
Private Equity
$13M
Series B
$13.9M
Series C
$30M
Private Equity
$35M
Series D
$100M
Series E
$450M
Debt
$95M
Debt (2015): $2.3M featuring Flint Capital, Vedanta Capital Management, and ff Venture Capital
Private Equity (2016): $13M backed by ff Venture Capital, Santander Corporate & Commercial, Flint Capital, and Two Sigma Ventures
Series B (2017): $13.9M with participation from Flint Capital, Work-Bench, Synchrony Financial, Two Sigma Ventures, and Santander InnoVentures
Series C (2019): $30M led by Flint Capital and BA Venture Partners
Private Equity (2020): $35M supported by Flint Capital, Sorenson Ventures, BA Venture Partners, Commerce Ventures, MVB Financial, Wells Fargo, and Citi Ventures
Series D (2021): $100M featuring Flint Capital, BA Venture Partners, Commerce Ventures Management LLC, and Accel Partners BV
Series E (2021): $450M backed by Tiger Global Management, Accel, T. Rowe Price, and Two Signa Ventures
Debt (2023): $95M with participation from KeyBanc Capital Markets, Chase, and Silicon Valley Bank
Key Investors in Socure
Flint Capital
Flint Capital Fund specializes in venture capital investments, focusing on providing financial support to innovative startups and growth-stage companies. The firm aims to identify and nurture promising business ideas across various sectors.
ff Venture Capital
ff Venture Capital (ffVC) is a leading seed and early-stage venture capital firm based in New York, focused on investing in emerging industries such as AI, Manufacturing, Energy, Robotics, and Security.
Two Sigma Ventures
Two Sigma Ventures is an early-stage venture capital firm that invests in transformative companies leveraging information growth and computing power. The firm focuses on technology that enhances human potential, breakthrough therapies, artificial intelligence, and online safety for children.
What's next for Socure?
With substantial enterprise-level backing, Socure is poised for continued expansion and innovation in the digital identity space. The recent strategic investment will likely fuel further development of its AI-driven verification technologies, enhance its market penetration, and potentially support strategic acquisitions. As online fraud continues to evolve, Socure's ability to provide real-time, accurate identity verification positions it for sustained leadership and growth, enabling businesses to operate with greater trust and security in the digital realm.
See full Socure company page
