SheerID, a Portland, Ore.-based provider of a verification technology platform for the enterprise, closed an $18m Series B funding.
The round was led by Centana Growth Partners. In conjunction with the funding, Centana Growth Partners will be joining Voyager Capital on SheerID’s board.
The company intends to use the funds to accelerate product innovation and accelerate market adoption across all digital commerce categories.
Led by Jake Weatherly, CEO, and Sai Koppala, Chief Marketing Officer, SheerID provides enterprises a comprehensive digital verification platform that instantly verifies credentials of individuals or businesses using authoritative data sources, all within an organization’s brand experience.
With SheerID, enterprises can deliver exclusive offers and experiences to high value segments such as the military, students and teachers, while mitigating discount fraud and reducing friction in the user experience.
Clients include Lowe’s, Target, Microsoft, Adobe, Sprint, TOMS, Spotify, Foot Locker, Costco, and Amazon.
SheerID, which has a more than 50 employees, pland to continue to grow in various areas of the business including marketing, sales, engineering, and others.