Funding round
ID.me Series B
ID.me, which works in digital identity management solutions in McLean, raised $19M in a Series B round announced on 8 Mar 2017, led by FTV Management Company. 1 firm took part. It is ID.me's first venture round on record.
$19M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
ID.me did not disclose a valuation in this round. It is ID.me's first venture round on record, 7 years after it was founded in 2010. It is 3.2% of the $591M ID.me has raised in the venture rounds on record. ID.me raised again 48 months later: a Series C round of $100M in Mar 2021, at $1.50B post-money.
ID.me's funding rounds
ID.me has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
FTV Management Company led the round.
Lead investor
- backs 62 venture-backed companies new investor
Joined the board: Liron Gitig (FTV Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
327 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Mar 2017 | $50M | $500M | S&P Global Inc. |
| Tech Companies | 1 Mar 2017 | $21M | not disclosed | Insight Partners |
| Tech Companies | 23 Mar 2017 | $18M | not disclosed | Andreessen Horowitz |
| Tech Companies | 15 Mar 2017 | $18M | not disclosed | Alibaba Group |
| Tech Companies | 10 Mar 2017 | $18M | not disclosed | Francisco Partners |
| Tech Companies | 8 Mar 2017 | $16M | not disclosed | Western Digital Capital and Samsung Venture Investment |
| Tech Companies | 27 Mar 2017 | $15M | not disclosed | Incenter |
| Tech Companies | 1 Mar 2017 | $15M | not disclosed | Octopus Ventures and M Ventures |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ID.me raise in its Series B round?
ID.me raised $19M in its Series B round, announced in Mar 2017.
Who led ID.me's Series B round?
FTV Management Company led it.
What was ID.me's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
327 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 1.3 times the median.
Did ID.me raise again after this round?
Yes: a Series C round in Mar 2021 of $100M at $1.50B post-money.