Two Sigma Ventures, and others. This round brings Socure’s total funding to $196 million, following a recent $35 million investment less than six months ago led by Sorenson Ventures.
The new financing will support Socure’s expansion across every consumer-facing vertical including online gaming, healthcare, telco, e-commerce, and on-demand services. Proceeds from the round will also accelerate product innovation as the company’s patent portfolio grows and the company continues to attract top talent.
Amit Jhawar, partner at Accel and former general manager of Venmo, will join the board of directors at Socure.
The tremendous growth in the digital identity market is part of the macro trend of businesses migrating towards digital-first online services, commerce, and transactions, including for those services once defined by physical interaction and exchange. According to