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Trulioo Raises USD $394M in Series D; at $1.75 Billion Valuation
Trulioo, a Vancouver, BC, Canada-based global identity verification company, completed a $394M Series D funding round at a $1.75 Billion valuation.
The round was led by TCV, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital. In conjunction with the funding, TCV General Partner, Jake Reynolds, and Principal Amol Helekar will join Trulioo’s Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Led by Steve Munford, President and CEO, Trulioo is a global identity verification company, enabling businesses and consumers to transact safely and securely. The platform provides real-time verification of 5 billion consumers and 330 million business entities worldwide all through a single API integration. Organizations use its identity verification solution, GlobalGateway, to meet their business and compliance req
Mouro Capital.
TCV General Partner, Jake Reynolds, and Principal Amol Helekar will reportedly be joining Trulioo’s Board of Directors.
During the past year, Trulioo has expanded its business operations into new verticals, grown its leadership team and the company has also established offices in Austin, San Diego, and Dublin.
Steve Munford, Trulioo President and CEO, stated:
“This new round of funding will enable us to accelerate our goal to become an end-to-end identity platform. Our vision is to break down fragmented data silos caused by disparate identity networks, and we will work in partnership with TCV to expand our investments in product innovation, build out artificial intelligence/machine learning capabilities and accelerate our global go-to-market strategy.”