Funding round
Trulioo Series C
Trulioo, which works in identity verification services in Vancouver, raised $70M in a Series C round announced on 17 Sep 2019. It is Trulioo's second venture round on record; the one before was a Series A in Mar 2014.
$70M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Trulioo did not disclose a valuation in this round. It came 66 months after Trulioo's Series A. It is 15% of the $470M Trulioo has raised in the venture rounds on record. Trulioo raised again 21 months later: a Series D round of $394M in Jun 2021, at $1.75B post-money.
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
262 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $36M, and this round was 2.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Sep 2019 | $50M | $500M | Coatue |
| Tech Companies | 5 Sep 2019 | $50M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 17 Sep 2019 | $50M | not disclosed | Y Combinator |
| Tech Companies | 16 Sep 2019 | $50M | not disclosed | not named |
| Tech Companies | 9 Sep 2019 | $47M | not disclosed | not named |
| Tech Companies | 12 Sep 2019 | $46M | not disclosed | Summit Partners |
| Tech Companies | 24 Sep 2019 | $40M | not disclosed | Accel |
| Tech Companies | 16 Sep 2019 | $34M | not disclosed | Menlo Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Trulioo raise in its Series C round?
Trulioo raised $70M in its Series C round, announced in Sep 2019.
What was Trulioo's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
262 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $36M, and this round was 2.0 times the median.
Did Trulioo raise again after this round?
Yes: a Series D round in Jun 2021 of $394M at $1.75B post-money.