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Socure Closes $100 Million Raise – Bankless Times

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

Socure launches omnichannel document verification product – Bankless Times

Socure launches omnichannel document verification product – Bankless Times
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Socure to Provide DraftKings With Additional Compliance Tools – Consumer Electronics Net

8 hours ago for its Daily Fantasy Sports, Sportsbook, and iGaming Products NEW YORK–(BUSINESS WIRE)–#dataprotection Socure, the leader in 100% digital identity trust, today announced that it signed a multi-year agreement with DraftKings Inc. (Nasdaq: DKNG), a leader in the digital sports entertainment and gaming industry. Using Socure’s identity verification suite, DraftKings furthers its robust compliance measures and will now be able to more seamlessly engage its customers across its product suite. DraftKings selected Socure after a lengthy evaluation process, which included a robust proof-of-concept test showing a frictionless auto-approval rate increase of 4.5% for new users and a 14% decrease in manual reviews. The company plans to leverage Socure’s

These are the 17 Largest NYC Tech Startup Funding Rounds of Q1 2021

These are the 17 Largest NYC Tech Startup Funding Rounds of Q1 2021
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