Clear, a NYC-based secure identity company, completed a strategic funding round of $100m.
Investors included new backers Enlightened Hospitality Investments, Liberty Media, LionTree Partners, Michael Jordan’s family office, The Partnership Fund for New York City (investment arm of the Partnership for New York City), 32 Equity and Jim Murren, Stephen Cloobeck’s Safely LV, and existing investors BOND, Durable Capital Partners LP, General Atlantic and Revolution Growth.
The company intends to use the funds for growth customer adoption, hiring and technology development.
Led by CEO and Founder Caryn Seidman-Becker, Clear is a leader in identity and access, linking identity with different information sets, including: credit cards, tickets to the game, reservations, frequent flyer numbers, flight manifests, health care identification, driver’s licenses and passports.
The company, which has more than 5 million users and 55+ locations across the United States, recently launched “Health Pass,” a mobile application that connects members’ identity to COVID-related information, including vaccination results, to reduce public health risk and help re-start the economy. Health Pass is currently being used to help reimagine the future of sports, work, travel and coming together in a post-COVID world. With vaccines being administered across the country, Health Pass securely links and validates individuals’ vaccination credentials and will have access to the majority of healthcare facilities, pharmacies, and state-authorized vaccination centers.
More than 35 organizations are currently using Health Pass to create safer environments, including the National Hockey League (with whom CLEAR has signed a league-wide partnership), MGM Resorts, the 9/11 Memorial & Museum and nine NBA teams.