Canada’S Id Startup Trulioo Raises $394 Million At $1.75 Billion Valuation
06/07/21, 11:52 AM
Location
oaklandMoney raised
$394 million
Oakland, California (US): Trulioo, a Canada-based startup that provides electronic identity and address verification globally, has raised $394 million in a funding round led by venture capital firm TCV at a valuation of $1.75 billion.
Company Info
Location
oakland, california, united states
Additional Info
The Vancouver-based company has access to over 450 different data sources, including those of governments and credit bureaus, as well as phone records and information from non-traditional sources, Trulioo's Chief Executive Officer Steve Munford said. Among the participants in the latest funding round, Trulioo said, were existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. Many of those startups were already using Trulioo, he said. Trulioo said the US digital ID market is projected to exceed $30 billion by 2023, according to consulting firm One World Identity.