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
|