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Leading Business Identity Platform Middesk Raises $57M Series B Co-Led By Insight Partners And Canapi Ventures

Jun 09, 2022•over 3 years ago

Amount Raised

$57 Million

Round Type

series b

San Francisco

Description

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 Information

Company

Middesk

Location

San Francisco, California, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech