Funding round
Socure Series A
Socure, which works in digital identity verification solutions in Incline Village, raised $2.5M in a Series A round announced on 28 Oct 2014. It is Socure's first venture round on record.
$2.5M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Socure did not disclose a valuation in this round. It is Socure's first venture round on record, 2 years after it was founded in 2012. It is under 1% of the $787M Socure has raised in the venture rounds on record. Socure raised again 34 months later: a Series B round of $14M in Aug 2017. Its next priced round, a Series E in Nov 2021, valued it at $4.50B.
Socure's funding rounds
Socure has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 28 Oct 2014 $2.5M
- Series B 9 Aug 2017, led by Commerce Ventures $14M
- Series C 28 Feb 2019, led by Scale Venture Partners $30M
- Growth 25 Aug 2020, led by Sorenson Ventures $35M
- Series D 16 Mar 2021 $100M
- Series E 9 Nov 2021, led by Accel and T. Rowe Price $450M$4.50B post-money
- Debt not a venture round 8 Mar 2023 $95M
- Growth 27 Aug 2026, led by Summit Partners $156M$5.20B post-money
Comparable rounds
How it compares
328 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 42% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Oct 2014 | $15M | not disclosed | Accel |
| Tech Companies | 21 Oct 2014 | $12M | not disclosed | Spark Capital and Canaan |
| Tech Companies | 1 Oct 2014 | $10M | not disclosed | Matrix |
| Tech Companies | 30 Oct 2014 | $10M | not disclosed | DCM |
| Tech Companies | 1 Oct 2014 | $9.0M | not disclosed | Romulus Capital and Krillion Ventures |
| Tech Companies | 3 Oct 2014 | $8.0M | not disclosed | Madrona |
| Tech Companies | 28 Oct 2014 | $7.0M | not disclosed | Mayfield |
| Tech Companies | 22 Oct 2014 | $7.0M | not disclosed | Comcast Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Socure raise in its Series A round?
Socure raised $2.5M in its Series A round, announced in Oct 2014.
What was Socure's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
328 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 42% of the median.
Did Socure raise again after this round?
Yes: a Series B round in Aug 2017 of $14M.