Brazil-based identity protection technology provider Unico has raised $100m in series D funding from investors including internet and telecommunications group SoftBank’s Latin America Fund.
The round was led by investment banking firm Goldman Sachs with additional backing from growth equity firm General Atlantic at a $2.6bn valuation. Goldman Sachs is taking a seat on the company’s board of directors in conjunction with the round.
Founded in 2007 as Acesso Digital, Unico provides biometric digital identity protection software for customers in sectors including retail, banking, consumer applications and telecoms, and claims it carries out about 25 million authentication transactions each month.
The funding will be used to expand to other countries in Latin America. The company has acquired corporate training services provider SkillHub, facial biometric technology producer CredDefense and digital transformation services provider Vianuvem in the past year.
SoftBank and General Atlantic previously co-led a $120m funding round for Unico in August 2021 at a valuation north of $1bn, with Ribbit Capital and Big Bets filling out the round.
The company’s $107m series B round was also co-led by SoftBank and General Atlantic, in September 2020, eight months after it raised $9.5m in series A funding from e.Bricks Ventures.
Image courtesy of Unico.
