Socure valued at $5.2 billion in latest funding, buys Fravity
Identity verification startup Socure raised $156 million in a series E extension round that valued the company at $5.2 billion, Chief Marketing Officer Colton Pond told Reuters on Thursday.
The extension comes nearly five years after the company raised $450 million as part of its Series E round at a $4.5 billion valuation.
The latest investment included primary funding and a secondary tender offer for employees. It was led by Summit Partners, with participation from Goldman Sachs Alternatives, Wells Fargo, DocuSign and other investors.
