Leading Business Identity Platform Middesk Raises $57M Series B Co-Led By Insight Partners And Canapi Ventures
Leading Business Identity Platform Middesk Raises $57M Series B Co-Led By Insight Partners And Canapi Ventures
06/09/22, 8:00 AM
Location
Money raised
$57 million
Round Type
series b
Middesk, the leading identity platform automating business verification and underwriting decisions, announced today that it has raised $57 million in a Series B round. The round was co-led by New York-based private equity and venture capital firm Insight Partners and Canapi Ventures, with additional investments from existing investors Sequoia and Accel, as well as Gaingels. Middesk will use the capital to invest in new and existing products, scale the team, and educate the market about business identity.
Company Info
Location
san francisco, california, united states
Additional Info
The company recently launched a comprehensive solution for underwriters providing the ability to search and file liens, and has taken a big step towards becoming a full business identity platform. Middesk will use the capital to invest in new and existing products, scale the team, and educate the market about business identity. Middesk was founded in 2019 to address the downstream effects and resulting challenges of onboarding new business customers. Middesk provides financial institutions the breadth and depth of identity data they need to verify their business customers and mitigate fraud without sacrificing the customer experience," said Jeff Horing, co-founder and Managing Director at Insight Partners. Walker Forehand, Partner at Canapi Ventures, added, "Middesk is the new standard for small business digital identity and trust. For more information, visit the Middesk website or request a demo.About MiddeskMiddesk is the leading business identity platform.