Veriff closed a $69 million Series B financing round led by investment firms IVP and Accel.

Estonia United States 11 April 2021

Veriff, a Tallinn, Estonia - based provider of an identity verification platform, announced the closing of a series B funding round at $69 million.

The money was raised from investors led by investment firms IVP and Accel.

Jules Maltz of IVP and Matt Weigand of Accel will also join Veriff's Board of Directors as a result of the investment.

Proceeds will be used as the company is aggressive on its US expansion.

Veriff, founded in 2015 by Kaarel Kotkas and Janer Gorohhov, developed an identity verification service available online, which it says it leverages more than 1,000 data points to give transparent responses and provide security and trust for businesses.

The company claims to offer an accurate online identity verification service with its video-first approach that expands the reach of its service capabilities across sectors and use cases. Its AI-powered decision engine utilizes machine learning to analyze more than 9,000 variations of government-issued IDs from over 190 countries in 36 different languages.

Prior to this round, Veriff secured $23.8 million, with a $15.5 million round announced in 2020. Previous investors include Y Combinator, Mosaic Ventures, Nordic Ninja VC and Change Ventures.

Total investments received (USD): 84.5M