Canadian ID Verification Firm Trulioo Raises US$394 Million, Valued at US$1.75 Billion
by Fintechnews Switzerland June 8, 2021Trulioo, a Canadian global identity and business verification provider, announced that it has completed a US$394 million Series D round at a US$1.75 billion valuation.
The Series D round was led by TCV, a growth equity firm, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital.
TCV General Partner, Jake Reynolds, and Principal Amol Helekar will join Trulioo’s Board of Directors.
Over the past year alone, Trulioo has expanded into new verticals, grown its leadership team and established a presence in Dublin, Austin and San Diego.
Steve Munford
“This new round of funding will enable us to accelerate our goal to become an end-to-end identity platform.
Our vision is to break down fragmented data silos caused by disparate identity networks, and we will work in partnership with TCV to expand our investments in product innovation, build out artificial intelligence/machine learning capabilities and accelerate our global go-to-market strategy.”
said Steve Munford, Trulioo President and CEO.
Featured image: Steve Munford, Trulioo President and CEO
