US-based customer verification service Socure has closed a $35m round featuring Citi Ventures and Wells Fargo Strategic Capital, subsidiaries of financial services firms Citi and Wells Fargo respectively.
Venture capital firm Sorenson Ventures led the round, which included banking holding company MVB Financial, Commerce Ventures, Scale Venture Partners and Flint Capital.
Socure has built a predictive analytics software platform that lets clients such as financial services firms confirm the identity of new customers by comparing their contact details with data compiled from online and offline sources.
The round took Socure’s funding to $96m since it was founded in 2012, it said. The proceeds will support company growth and technology development.
Flint Capital led a $13m series A-1 round for Socure in 2016 that included Santander InnoVentures, a subsidiary of banking group Santander, as well as FF Venture Capital, Flint Capital and Two-Sigma Ventures, the VC arm of hedge fund Two Sigma Investments.
Santander InnoVentures returned for a $13.9m series B round the following year that was led by Commerce Ventures and which also featured Work-Bench, Two-Sigma Ventures and Flint Capital.
The company added $30m in a March 2019 series C round led by Scale Venture Partners also backed by consumer finance provider Synchrony Financial, Commerce Ventures, Flint Capital, Sorenson Capital and Two Sigma Ventures.