ID.me raises $100 million

Digital identity network ID.me has raised $100 million in a Series C funding round led by Viking Global Investors. Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, WndrCo, Willoughby Capital, BoxGroup, and Moonshots Capital joined the round. Prominent investors include Marcelo Claure, Alexa von Tobel, and Dan Rosensweig. The company is now valued at $1.5 billion.

ID.me is a Virginia-based startup, launched in 2010 by combat veteran Blake Hall, to provide consumers with an ID.me wallet to verify and manage their online identity. According to the company, it has 39 million members with ~70,000 new users signing-up every day. Major federal agencies, 22 states, and over 400 leading brands accept ID.me’s login to streamline customer authentication. ID.me’s service is free to consumers while business customers pay ID.me for trust and to streamline workflows.

“ID.me is simplifying how individuals securely prove and share their identity online. What Visa did for financial transactions, we are doing for identity with our secure digital identity network. It’s hard to imagine a world without Visa, where people wouldn’t have a portable credential for payments, yet logins and passwords are often useful only at one organization. ID.me empowers people to fully control their own data through a portable and trusted login so they don’t need to create a new password at each site they visit.” – Blake Hall, Founder and CEO of ID.me.

“Trust is the fundamental differentiator for consumers and for building great businesses today. ID.me has strong leadership, values and a culture that is built on trust and being ethical stewards of personal data. We are bullish on ID.me because they strive to empower more people and organizations to take better control of their data, addressing the clear market need for a common secure digital identity network.” – Penny Pritzker, Founder and Chairman of PSP Partners and PSP Growth..