Just six months after reaching unicorn status, growth is not slowing down for McLean, Virginia-based identity verification company ID.me.
Earlier this year, the company closed a $100 million Series C round, raising its total valuation to $1.5 billion, with a number of investors betting on its verification technology. Notable participants included Connecticut’s Viking Global Investors; CapitalG from Google’s parent company Alphabet; Morgan Stanley; Lead Edge Capital; WndrCo; and Willoughby Capital, plus notable individuals including SoftBank CEO Marcelo Claure and former U.S. Secretary 0f Commerce Penny Pritzker, who invested via her firm PSP Partners.
Now, the firm is continuing to march on with the digital-first era. CEO Blake Hall told Technical.ly that ID.me currently has 59 million users, adding about 200,000 new additions daily. It plans to have around 100 million Americans on its system by the end of the year. Additionally, 27 state workforce agencies use ID.me. Its valuation, according to Hall, is also several multiples higher than it was in February, when it became a unicorn.
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