Socure was founded in 2012 by Johnny Ayers and Sunil Madhu. According to Bloomberg in September 2023, Socure has an “aim of shoring up its balance sheet ahead of an initial public offering”, although they have not officially announced an IPO date.
Socure is an identity verification company that uses data and AI to reduce fraud in digital transactions. Per Forge data, Socure has raised a total of $744.4 million in funding over 13 rounds. Their latest funding was raised on Mar 8, 2023. Key investors include ff Venture Capital, Commerce Ventures, Sorenson Ventures, Capital One Ventures, Scale Venture Partners, and Accel.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/09/2021 | Series E | $150MM | $xx.xx | $4.45B | Accel, Bain Capital Ventures, Commerce Ventures, Scale Venture Partners, Sorenson Ventures, Tiger Global, T. Rowe Price Associates | |
Price per Share
$xx.xx
Shares Outstanding
9,334,976
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Bain Capital Ventures, Commerce Ventures, Scale Venture Partners, Sorenson Ventures, Tiger Global, T. Rowe Price Associates
|
||||||
03/16/2021 | Series D | $100MM | $xx.xx | $1.33B | Accel, Citi Ventures, Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson, Synchrony, Two Sigma Ventures, Wells Fargo Strategic Capital | |
Price per Share
$xx.xx
Shares Outstanding
19,234,309
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Citi Ventures, Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson, Synchrony, Two Sigma Ventures, Wells Fargo Strategic Capital
|
||||||
08/25/2020 | Series C-1 | $35MM | $xx.xx | $374.98MM | Citi Ventures, Commerce Ventures, Flint Capital, Mvb Financial Corp, Scale Venture Partners, Sorenson Ventures, Wells Fargo Strategic Capital | |
Price per Share
$xx.xx
Shares Outstanding
21,458,570
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Citi Ventures, Commerce Ventures, Flint Capital, Mvb Financial Corp, Scale Venture Partners, Sorenson Ventures, Wells Fargo Strategic Capital
|
||||||
02/15/2019 | Series C | $30MM | $xx.xx | $174.99MM | Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson Capital, Synchrony, Two Sigma Ventures | |
Price per Share
$xx.xx
Shares Outstanding
35,180,532
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson Capital, Synchrony, Two Sigma Ventures
|
||||||
08/09/2017 | Series B | $15.18MM | $xx.xx | $54.79MM | Flint Capital, Santander Innoventures, Two Sigma Ventures, Work-Bench | |
Price per Share
$xx.xx
Shares Outstanding
35,562,803
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Flint Capital, Santander Innoventures, Two Sigma Ventures, Work-Bench
|
||||||
12/13/2016 | Series A-1 | $9.84MM | $xx.xx | $30.44MM | Altair Capital, Caerus Ventures, Connectivity Ventures Fund | |
Price per Share
$xx.xx
Shares Outstanding
26,366,077
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Altair Capital, Caerus Ventures, Connectivity Ventures Fund
|
||||||
08/12/2014 | Series A | $5.66MM | $xx.xx | $12.9MM | Alphaprime Ventures, Altair Capital, Caerus Ventures, Founder Collective | |
Price per Share
$xx.xx
Shares Outstanding
24,668,653
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Alphaprime Ventures, Altair Capital, Caerus Ventures, Founder Collective
|
Last Funding Round | ||||||||
---|---|---|---|---|---|---|---|---|
Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
Cerebras | $40.08 | +9.9% | $xx.xx | Series F-1 | $2.84B | $xx.xx | $85MM | |
CoreWeave | $1,149.84 | +18.78% | $xx.xx | Series C | $19B | $xx.xx | $1.15B | |
Chime | $24.86 | -0.04% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B | |
Klarna | $370.00 | -1.33% | $xx.xx | Unknown | $6.7B | $xx.xx | -- | |
Turo | $12.96 | -4.07% | $xx.xx | Series E | $1.24B | $xx.xx | $240.52MM | |
Circle | $24.71 | +2.49% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM | |
Netskope | $11.07 | +2.98% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM | |
Liquid Death | $9.47 | -0.11% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM | |
Cohesity | $15.66 | -18.31% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM | |
MNTN | -- | -- | $xx.xx | Series D | $2.21B | $xx.xx | $119MM |
Updated on: Jan 20, 2025
PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES
‘Stock Price’ or other private company metrics (‘PC Data’) may rely on a very limited number of trade and/or IOI inputs in their calculation. PC Data is prepared and disseminated solely for informational purposes. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of PC Data, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of PC Data. PC Data is derived from the performance and pricing of secondary activity on the Forge platform and other private market trading platforms. PC Data is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Reference to company names does not imply any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.
Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities. Each investment carries its own risks, and investors should conduct their own due diligence regarding the investment, including obtaining independent professional advice. Past performance is not indicative of future results. This is not a recommendation, offer, solicitation of an offer, or advice to buy or sell securities by Forge, nor an offer of brokerage services in any jurisdiction where Forge is not permitted to offer brokerage services. Brokerage products and services are offered by Forge Securities LLC, a registered broker-dealer and member FINRA/SIPC. Please see other important disclaimers, disclosures and restrictions you acknowledge by using this website and to which you are subject.