ID.me, Inc., a Washington, DC-based digital identity network, completed a $10m Series A funding round.
The round, which consisted of $7.5m in equity and $2.5m in venture debt, was led by USAA, Silicon Valley Bank, and angel investors including David Tisch’s Box Group, Kelly Perdew, K Street Capital, and Blu Venture Investors. As part of the investment, USAA’s Head of Corporate Development, Victor Pascucci, will join ID.me’s board.
The company will use the capital for marketing and product development.
Co-founded by CEO Blake Hall and Matt Thompson, ID.me is a digital identity network that allows consumers to prove who they are online while controlling how their information is shared with brands.
For participating organizations, ID.me acts as a trusted intermediary, capable of verifying consumer identity and group affiliations in real-time allowing brands to ensure the customer experience across offline and online channels while reducing costs and security risks associated with manual verification.