Funding round
Socure Series D
Socure, which works in digital identity verification solutions in Incline Village, raised $100M in a Series D round announced on 16 Mar 2021. 9 firms took part, 9 of them already investors. It is Socure's fifth venture round on record; the one before was a Growth in Aug 2020.
$100M
Amount raised
Not disclosed
Post-money valuation
9
Investors
no lead named
Valuation
What this round says about the price
Socure did not disclose a valuation in this round. It came 7 months after Socure's Growth. It is 13% of the $787M Socure has raised in the venture rounds on record. Socure raised again 8 months later: a Series E round of $450M in Nov 2021, at $4.50B post-money.
Socure's funding rounds
Socure has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 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 this round 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
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- Sorenson Ventures existing investor
- Accel backs 581 venture-backed companies existing investor
- Commerce Ventures existing investor
- backs 96 venture-backed companies existing investor
- Flint Capital existing investor
- Citi Ventures existing investor
- Wells Fargo Strategic Capital existing investor
- Synchrony existing investor
- Two Sigma Ventures backs 60 venture-backed companies existing investor
Joined the board: Amit Jhawar (Accel).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Mar 2021 | $200M | $3.20B | Tiger Global |
| Tech Companies | 24 Mar 2021 | $200M | $1.00B | KKR |
| Tech Companies | 22 Mar 2021 | $150M | $1.00B | Coatue |
| Uniphore Tech Companies | 31 Mar 2021 | $140M | not disclosed | Sorenson Capital Partners |
| Tech Companies | 1 Mar 2021 | $130M | $760M | Canapi Ventures |
| Tech Companies | 30 Mar 2021 | $125M | $2.10B | D1 Capital Partners |
| Job&Talent Tech Companies | 10 Mar 2021 | $119M | not disclosed | not named |
| PayFit Tech Companies | 17 Mar 2021 | $107M | not disclosed | Eurazeo and Bpifrance |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Socure raise in its Series D round?
Socure raised $100M in its Series D round, announced in Mar 2021.
Which investors took part in Socure's Series D round?
Sorenson Ventures, Accel, Commerce Ventures, Scale Venture Partners, Flint Capital and Citi Ventures and 3 more.
What was Socure's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did Socure raise again after this round?
Yes: a Series E round in Nov 2021 of $450M at $4.50B post-money.