Clerk, a San Francisco, CA-based developer tools company known for its React-friendly authentication solution, raised $30M in Series B funding.
The round was led by CRV, with participation from Stripe, and existing investors Andreessen Horowitz and Madrona.
The company intends to use the funds to accelerate product development, grow its team, and further its mission to ensure every developer can easily implement safe and user-friendly security.
Led by CEO Colin Sidoti, Clerk is a complete suite of embeddable UIs, flexible APIs, and admin dashboards to authenticate and manage users. The company is now accelerating its expansion into authorization by partnering with Stripe, and will integrate Stripe Billing to determine user permissions based on their subscription plan. Since announcing its Series A financing last January, Clerk has grown from 1 million to over 16 million managed users, and now facilitates more than one sign-up per second. The company has over 1,300 paying customers across several verticals, including SaaS, AI, fintech, and e-commerce.
FinSMEs
24/01/2024