ID.me, a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online, raised $120M.
The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20min revolving credit. This follows the company’s Series C round in March, securing $100m in funding at a $1.5 billion valuation.
The company intends to use the funds to accelerate growth along with the development of its secure digital identity network for all consumers.
Led by Blake Hall, founder and CEO, ID.me provides identity proofing, authentication, and group affiliation verification solutions for organizations across different sectors. Its identity and group verification has enabled millions of people to gain access to everything from services like pandemic-related unemployment benefits to prescription medications and travel discounts.
The ID.me secure digital identity network has 60 million members with over 100,000 new subscribers joining daily, as well as partnerships with 27 states, multiple federal agencies, and over 500 name brand retailers.
The technology meets the federal standards for consumer authentication and is approved as a NIST 800-63-3 IAL2 / AAL2 conformant credential service provider by the Kantara Initiative.