Merit Raises $50M in Series B Funding


Merit, a Millbrae, Calif.-based verified identity platform, raised $50M in Series B funding, bringing the total raised to date to $80M.

The round was led by Rose Park Advisors with participation from a16z, Bow Capital, Govtech Fund, Experian Ventures, Spike Ventures, InState Capital, Ricardo Villela Marino, Jaan Tallinn’s Metaplanet Holdings, Ram Shriram, and others.

The company intends to use the funds to expand into new business lines and use cases, and continue to build the ecosystem that allows entire industries to operate programmatically and reliably with trust, insight, and efficiency.

Led by CEO Tomer Kagan, Merit has built a platform for capturing and enabling the value of verified identity, helping organizations coordinate people at scale by removing the need for a personal connection to create trust. More than 2,000 private, state, and municipal organizations are already participating in the ecosystem to solve critical real-world problems across workforce development, emergency services, licensing, education, defense readiness, and other sectors.