Socure Revenue, Valuation, Funding & Investors
Socure is valued at $156M as of August 2026.
Last Socure valuation
$156M
Series E · Aug 2026
Last Socure funding round
$156M
Series E · Aug 2026
Socure revenue
$315M
Series D · Mar 2021
Key investors in Socure
Two Sigma Ventures
Flint Capital
Commerce Ventures
Scale Venture Partners
ff Venture Capital
Mouro Capital
About Socure
Socure is a New York-headquartered provider of AI-powered digital identity verification and fraud prevention solutions. The Sigma platform performs KYC, AML screening, and biometric authentication using device intelligence and email validation. Financial institutions like Chime and Capital One rely on Socure for instant approvals at onboarding. The company processes billions of transactions annually and holds SOC 2 Type II compliance. Founded in 2012, Socure operates globally with data centers in the United States and Europe.
Founded
2012
HQ
Lake Tahoe, NVWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$315M (Mar 2021)
Valuation
$156M (Aug 2026)
Socure Valuation
Socure is currently valued at $156M, based on its Series E in August 2026.
The $156M round was led by Summit Partners, with participation from Docusign, Goldman Sachs Asset Management and Wells Fargo.
Socure's valuation has moved from $1.3B at its Series D in March 2021 to $156M in August 2026, across 3 priced rounds.
Socure valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2026 | Series E | $156M | - |
| Nov 2021 | Series E | $4.5B | - |
| Mar 2021 | Series D | $1.3B | 4.1x |
Socure Revenue
Socure's latest recorded revenue is $315M, as of its Series D in March 2021. At a $1.3B valuation, that implies a 4.1x revenue multiple.
Socure revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2021 | $315M | $1.3B | 4.1x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Socure Funding History
Socure has raised a total of $803M across 9 funding rounds.
Socure's first fundraising round was a $3M Series A in October 2014. The most recent completed round was a $156M Series E in August 2026.
Socure funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Series E | Summit Partners (lead); Docusign; Goldman Sachs Asset Management; Wells Fargo | $156M | $156M | Socure raised $156 million in a Series E extension round at a $5.2 billion valuation, with the financing including primary capital and a secondary tender offer for employees. The round was led by Summit Partners and included participation from Goldman Sachs Alternatives, Wells Fargo, and DocuSign, among other investors. The new capital followed Socure’s earlier $450 million Series E at a $4.5 billion valuation and came as the company continued expanding its identity verification, fraud prevention, and compliance software platform. Socure also used the announcement period to acquire Fravity, underscoring its push to broaden its product and market reach in digital identity and risk management. Socure provides AI- and machine-learning-based identity verification services for enterprises and public-sector customers, helping automate onboarding, fraud detection, and compliance workflows. The company was founded in 2012 and is based in the United States. |
| Nov 2021 | Series E | Accel (lead); T. Rowe Price (lead); Scale Venture Partners; Abundance Partners; Generation Ventures; Flint Capital; Sorenson Ventures; Commerce Ventures; Bain Capital Ventures; Two Sigma Ventures | $450M | $4.5B | - |
| Mar 2021 | Series D | Accel (lead); Scale Venture Partners; Wells Fargo Strategic Capital; Generation Ventures; Synchrony Ventures; Flint Capital; Capital One Ventures; Sorenson Capital; BAM Elevate; Commerce Ventures; Citi Ventures; Two Sigma Ventures | $100M | $1.3B | Socure is a New York-based digital identity verification company founded in 2012 that uses machine learning and predictive analytics to verify identities, prevent fraud, and ensure trust in online transactions, primarily serving financial services, fintech, banks, credit providers, and expanding to gaming, healthcare, telco, e-commerce, and on-demand services. The $100 million Series D funding round on March 16, 2021, was led by Accel with participation from Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony Ventures, Sorenson Capital, Two Sigma Ventures, and others, bringing total funding to $196 million after a prior $35 million round in 2020. This round achieved unicorn status with a post-money valuation of $1.3 billion, up significantly from $360 million the previous year, driven by surging demand for identity solutions amid digital shifts accelerated by COVID-19. Socure plans to use the proceeds to fuel rapid expansion across consumer-facing verticals, accelerate product innovation including patent development, and scale its team to meet growing demand. The company positions itself as a market leader in KYC/AML with high adoption rates, having blocked numerous fraud attempts. Accel partner Amit Jhawar joined the board, bringing expertise from Venmo. Post-Series D, Socure demonstrated strong traction ahead of its next round, including 221% year-over-year customer growth, 500% YoY bookings growth, five quarters of record revenue growth, and a 179% net retention rate in Q3 2021, though specific revenue or ARR figures were not disclosed for the March 2021 period. Seven months later in November 2021, Socure raised a $450 million Series E at $4.5 billion valuation led by Accel and T. Rowe Price, with new investors Tiger Global and Bain Capital Ventures plus existing backers, totaling $647 million raised, to further innovate its ID+ platform, enter public sector markets, and grow headcount from 150 to nearly 500. |
| Aug 2020 | Series C | Sorenson Ventures (lead); Scale Venture Partners; Wells Fargo Strategic Capital; MVB Financial; Flint Capital; Commerce Ventures; Citi Ventures | $35M | - | Socure is a New York-based identity verification platform that uses AI, machine learning, and predictive analytics to verify user identities in real time by analyzing data like email addresses, phone numbers, and IP addresses, primarily serving financial services companies to combat fraud. Socure's platform, Socure ID+, targets banks, fintechs, crypto firms, and enterprises for digital fraud prevention amid rising e-commerce and digital adoption accelerated by COVID-19. Prior to this round, Socure had raised $30 million in a February 2019 Series C led by Scale Venture Partners. The company closed a $35 million Series C funding round on August 25, 2020, led by Sorenson Ventures, with participation from Citi Ventures, Commerce Ventures, Flint Capital, MVB Financial, Scale Venture Partners, and Wells Fargo Strategic Capital, bringing total funding to $96 million at that time. The funds were intended to support growth, enhance machine learning capabilities, expand into new verticals, hire talent, and advance products to eliminate identity fraud. Total funding has since exceeded $740 million across multiple rounds, with key ongoing investors including Accel, Commerce Ventures, Scale Venture Partners, and Sorenson Ventures. The firm has grown from 150 to 400 employees by 2021, planning further hires and entry into healthcare, gaming, and on-demand services. |
| Feb 2019 | Series C | Scale Venture Partners (lead); Synchrony; Flint Capital; Sorenson Capital; Commerce Ventures; Mouro Capital; Two Sigma Ventures | $30M | - | Socure is a New York-based digital identity verification platform that uses AI, machine learning, and predictive analytics to verify user identities in real-time by analyzing data like email addresses, phone numbers, and IP addresses, serving banks, fintechs, credit providers, and crypto companies to combat fraud. The February 2019 Series C round raised $30 million led by Scale Venture Partners, with participation from Commerce Ventures, Flint Capital, Mouro Capital (noted in query), Sorenson Capital, Synchrony Financial, and Two Sigma Ventures, bringing total funding at the time to approximately $57.5 million. This followed prior rounds including $13.9 million Series B in July 2017 led by Commerce Ventures and earlier Series A rounds totaling around $15.5 million. The funds were intended to enhance AI capabilities, expand the customer base, accelerate product development, and scale market reach. Socure continued raising capital post-2019, including a $35 million Series C extension in August 2020 led by Sorenson Ventures, $100 million Series D in March 2021 at $1.3 billion valuation led by Accel, and $450 million Series E in November 2021 at $4.5 billion valuation. |
| Jul 2017 | Series B | Commerce Ventures (lead); Alessandro Piol; Work-Bench; Synchrony Ventures; Flint Capital; AltaIR Capital; BAM Elevate; Section Partners; Mouro Capital; Two Sigma Ventures | $14M | - | Socure, a digital identity verification specialist founded in 2012 and headquartered in New York City, raised $13.9 million in a Series B funding round in July 2017 led by Commerce Ventures. Participating investors included Flint Capital, Synchrony Financial, Two Sigma Ventures, and Work-Bench, among others, bringing total funding to $27.5 million. The funds aimed to accelerate market penetration, grow sales and support operations, and build infrastructure to meet demand in digital identity verification. Socure's technology leverages data for identity verification, critical for financial services and commerce ecosystems, and supports financial inclusion for underbanked individuals. At the time, the company served major clients including a top five US bank, a top five global money transfer provider, and a top ten US card issuer. It had previously unveiled its remote facial biometrics solution, Perceive, in 2015. |
| Dec 2016 | Series A | Flint Capital (lead); ff Venture Capital; AltaIR Capital; Mouro Capital; Two Sigma Ventures | $13M | - | - |
| Aug 2015 | Series A | Alessandro Piol; ff Venture Capital; Connectivity Ventures Fund; Flint Capital; Loeb.nyc; Caerus Ventures; Two Sigma Ventures; Emerald Development Managers | $3M | - | - |
| Oct 2014 | Series A | ff Venture Capital (lead); Empire Angels; Archangel; Caerus Ventures; Founder Collective; Anthiem Ventures; Two Sigma Ventures | $3M | - | Socure provides digital identity verification and fraud prevention solutions, primarily focused on financial services. Socure raised $2.5M on October 29, 2014 in a Series A round led by ff Venture Capital, with participation from Anthiem Ventures, Archangel, Caerus Ventures, Empire Angels, and others. This followed a $5.6M Series A on August 28, 2014 and a $0.4M undisclosed round on March 10, 2014. |
Who has invested in Socure?
36 investors have backed Socure across its funding rounds, including Two Sigma Ventures, Flint Capital, Commerce Ventures, Scale Venture Partners, ff Venture Capital and Mouro Capital.
Lead investors include Summit Partners, Accel, T. Rowe Price, Sorenson Ventures, Scale Venture Partners and 3 other investors.
Socure Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 7 | Lead | Aug 2015 | |
| New York City, NY | 7 | Participant | Oct 2014 | |
| San Francisco, CA | 5 | Lead | Jul 2017 | |
| San Francisco, CA | 4 | Lead | Feb 2019 | |
| New York City, NY | 3 | Lead | Oct 2014 | |
 London | 3 | Participant | Dec 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Alessandro Piol | United States | 2 | Participant | Aug 2015 |
| San Francisco, CA | 2 | Participant | Aug 2020 | |
| San Francisco, CA | 2 | Participant | Mar 2021 | |
| San Francisco, CA | 2 | Participant | Jul 2017 | |
| San Francisco, CA | 2 | Participant | Dec 2016 | |
| Salt Lake City, UT | 2 | Participant | Feb 2019 | |
| Salt Lake City, UT | 2 | Lead | Aug 2020 | |
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Start Free TrialAcquisitions by Socure
Socure has acquired 4 companies to date.
Last acquisition by Socure was on August 27th 2026. Socure acquired Fravity AI for undisclosed valuation.
Latest Acquisitions by Socure
| Description | Fravity AI is a technology developer offering intelligent agents for fraud detection, regulatory compliance, and investigation workflows. | Qlarifi is a fintech company offering the first real-time buy-now-pay-later consumer credit database. Based in Miami, it aggregates data from Affirm, Afterpay, and Klarna transactions, enabling lenders to assess BNPL risk instantly. Used by banks and payment processors across North America, it processes millions of queries daily. | Effectiv is a Singapore-headquartered fraud prevention platform tailored for financial institutions worldwide. It delivers out-of-the-box solutions for real-time transaction risk assessments and leverages artificial intelligence to automate detection during user onboarding. The system verifies credential authenticity through data aggregation and supports in-depth investigations, helping banks combat sophisticated fraud schemes across digital channels. | Berbix is a San Francisco-headquartered identity verification platform processing photo IDs, driver's licenses, and passports in two seconds. Its API verifies identities for fintech, micromobility, healthcare, and age-gated industries, reducing fraud via liveness detection and database cross-checks. Backed by Y Combinator, the company supports 10,000-plus document types from 200 countries. Founded in 2018, Berbix integrates with onboarding flows for seamless compliance. |
| HQ Country | | | | |
| HQ City | Austin, TX | London | San Francisco, CA | San Francisco, CA |
| Deal Date | 27 Aug 2026 | 5 Dec 2025 | 24 Oct 2024 | 27 Jun 2023 |
| Valuation | undisclosed | undisclosed | $136M | $70M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
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Socure Competitors
Socure competitors include listed companies like Spectra Systems and Rank One Computing, and private ones like InCountry, Duality Technologies, Maxima AI and Orchid Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $150M | - | |
| Hoboken, NJ | Private | - | - | $145M | - | |
| San Francisco, CA | Private | - | - | $143M | - | |
| Wilmington, DE | Private | - | - | $180M | - | |
| United States | Publicly listed | $64M | $30M | $101M | 1.5x | |
| United States | Publicly listed | $17M | ($2M) | $84M | 3.6x |
Socure Public Comps
Socure is still privately-owned, but its public comps include User Local, Ever Fortune.AI, Clavister Holding, Elements, AmeriTrust, Acer Cyber Security, Gogolook, Selvas AI, Saltlux and Voicecomm International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $34M | $15M | 2.7x | 2.8x | 6.1x | - | |||
| $12M | $4M | 12.3x | - | 36.2x | - | |||
| $23M | $3M | 7.5x | 5.4x | 57.0x | 22.6x | |||
| $25M | ($4M) | 5.9x | - | (37.2x) | - | |||
| $1M | ($8M) | 139.0x | 63.0x | (19.9x) | (24.5x) | |||
| $76M | $45M | 1.7x | 1.5x | 2.9x | 4.9x | |||
| $33M | $3M | 4.3x | 3.6x | 53.5x | 22.5x | |||
| $84M | ($65K) | 2.6x | 3.3x | (3294.6x) | 19.8x | |||
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Common questions about Socure
| When was Socure founded? | Socure was founded in 2012. |
| Where is Socure headquartered? | Socure is headquartered in Lake Tahoe, NV, United States. |
| Is Socure publicly listed? | No, Socure is a private, VC-backed company. |
| What is Socure's valuation? | Socure was last valued at $156M in its Series E in August 2026. |
| How much funding has Socure raised? | Socure has raised $803M across 9 funding rounds. |
| What was Socure's last funding round? | Socure's last funding round was a $156M Series E in August 2026, led by Summit Partners. |
| Who are Socure's investors? | Socure's investors include Flint Capital, Two Sigma Ventures, Commerce Ventures, Scale Venture Partners, ff Venture Capital, Mouro Capital, Alessandro Piol, Wells Fargo Strategic Capital, Generation Ventures, Synchrony Ventures and 26 others. |
| What is Socure's revenue? | Socure's latest recorded revenue is $315M (March 2021). |
| What is Socure's revenue multiple? | Socure's latest valuation implies a 4.1x revenue multiple ($1.3B valuation on $315M of revenue). |
| Which companies are comparable to Socure? | Companies comparable to Socure include InCountry, Duality Technologies, Maxima AI, Orchid Security, Spectra Systems and Rank One Computing. |
| How many companies has Socure acquired? | Socure has acquired 4 companies, including Fravity AI, Qlarifi, Effectiv and Berbix. |
| What was the largest acquisition by Socure? | The $136M acquisition of Effectiv in October 2024 is the largest acquisition Socure has made to date. |
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