Funding round
ID.me Series C
ID.me, which works in digital identity management solutions in McLean, raised $100M in a Series C round announced on 22 Mar 2021, led by Viking Global, at a $1.50B post-money valuation. 9 firms took part. It is ID.me's second venture round on record; the one before was a Series B in Mar 2017.
$100M
Amount raised
$1.50B
Post-money valuation
$1.40B pre-money
9
Investors
1 lead
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ID.me at $1.50B after the new money. The $100M bought investors about 6.7% of the company. It came 48 months after ID.me's Series B. It is 17% of the $591M ID.me has raised in the venture rounds on record. ID.me raised again 25 months later: a Series D round of $132M in Apr 2023. Its next priced round, a Series E in Sep 2025, valued it at $2.00B.
ID.me's funding rounds
ID.me has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Viking Global led the round with 8 other firms.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- Morgan Stanley backs 120 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Lead Edge Capital new investor
- CapitalG backs 70 venture-backed companies new investor
- WndrCo new investor
- Willoughby Capital new investor
- BoxGroup backs 175 venture-backed companies new investor
- backs 29 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
467 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RingCentral Tech Companies | 4 Mar 2021 | $400M | $5.65B | Andreessen Horowitz and General Catalyst |
| HighRadius Tech Companies | 30 Mar 2021 | $300M | $3.10B | D1 Capital Partners and Tiger Global Management |
| Dutchie Tech Companies | 16 Mar 2021 | $200M | $1.70B | Tiger Global |
| Tech Companies | 25 Mar 2021 | $200M | not disclosed | KKR and Yuan Jing Capital |
| Tech Companies | 16 Mar 2021 | $150M | $1.60B | ICONIQ Growth |
| Tech Companies | 9 Mar 2021 | $125M | not disclosed | KKR and Casdin Capital |
| Tech Companies | 16 Mar 2021 | $115M | not disclosed | Insight Partners |
| Tech Companies | 10 Mar 2021 | $107M | not disclosed | Bessemer Venture Partners and Insight Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did ID.me raise in its Series C round?
ID.me raised $100M in its Series C round, announced in Mar 2021.
Who led ID.me's Series C round?
Viking Global led it, with Morgan Stanley, PSP Partners, Lead Edge Capital, CapitalG and WndrCo and 3 more.
What was ID.me's valuation at the Series C round?
$1.50B post-money ($1.40B pre-money).
How does it compare with other Series C rounds in Tech Companies?
467 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median.
Did ID.me raise again after this round?
Yes: a Series D round in Apr 2023 of $132M.