Funding round
Socure Series E
Socure, which works in digital identity verification solutions in Incline Village, raised $450M in a Series E round announced on 9 Nov 2021, led by Accel and T. Rowe Price, at a $4.50B post-money valuation. 7 firms took part. It is Socure's sixth venture round on record; the one before was a Series D in Mar 2021.
$450M
Amount raised
$4.50B
Post-money valuation
$4.05B pre-money
7
Investors
2 leads
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Socure at $4.50B after the new money. The $450M bought investors about 10% of the company. It came 8 months after Socure's Series D. It is 57% of the $787M Socure has raised in the venture rounds on record. Socure raised again 57 months later: a Growth round of $156M in Aug 2026, at $5.20B 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 16 Mar 2021 $100M
- Series E this round 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
Accel and T. Rowe Price led the round with 5 other firms.
Lead investors
- Accel backs 581 venture-backed companies new investor
- T. Rowe Price new investor
Also in the round
- Bain Capital Ventures backs 220 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
111 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 3.0 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| HoneyBook Tech Companies | 3 Nov 2021 | $250M | $2.40B | Tiger Global |
| Verbit Tech Companies | 23 Nov 2021 | $250M | $2.00B | Third Point Ventures |
| Workato Tech Companies | 10 Nov 2021 | $200M | $5.70B | Battery Ventures |
| Tech Companies | 9 Nov 2021 | $150M | $1.00B | Liberty Strategic Capital |
| Tech Companies | 9 Nov 2021 | $150M | $1.00B | Insight Partners and Georgian |
| Tech Companies | 18 Nov 2021 | $140M | $1.00B | CapitalG and Paladin Capital Group |
| Tech Companies | 4 Nov 2021 | $120M | $1.70B | Brighton Park Capital |
| Tech Companies | 7 Nov 2021 | $100M | $1.70B | Commonwealth Bank of Australia |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Socure raise in its Series E round?
Socure raised $450M in its Series E round, announced in Nov 2021.
Who led Socure's Series E round?
Accel and T. Rowe Price led it, with Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners and Sorenson Capital.
What was Socure's valuation at the Series E round?
$4.50B post-money ($4.05B pre-money).
How does it compare with other Series E rounds in Tech Companies?
111 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 3.0 times the median.
Did Socure raise again after this round?
Yes: a Growth round in Aug 2026 of $156M at $5.20B post-money.