# First Mile Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/first-mile-group

- Industry: Software
- Headquarters: New York, US
- Website: www.alloy.com
- Total disclosed funding: $208M
- Latest round: Series C (Sep 1, 2022)
- Investors on record: 11

## About

Founded in 2015 by Charles Hearn, Laura Spiekerman and Tommy Nicholas, and based in New York, US, First Mile Group, Inc., d.b.a First Mile Group (Alloy), operates as a provider of identity verification platform that helps financial institutions integrate multiple sources of data and custom CIP rules without manual review and improve transparency and efficiency into the process. In September 2021, First Mile Group, Inc. raised USD 100 million in series C funding led by new investor Lightspeed Venture Partners, with participation from returning investors Avid Ventures, Bessemer Venture Partners, Canapi Ventures, and Felicis Ventures.

The company provides an API for regulated companies to collect and manage customer data from many different sources. It also engages in helping financial institutions and FinTech companies solve identity and compliance problems. The service allows banks and FinTechs to make better risk and identify decisions, using a single API and dashboard to manage AML, fraud, KYC, and more. The company also offers an API to help financial services companies access various aggregated identity databases and a dashboard through which to organize and analyze customer onboarding data. It also helps to improve customer conversion through the compliance funnel, reduce risk and fraud, and speed up previously manual back-office processes.

## Funding rounds

- Series C, Sep 1, 2022, $52M — Lightspeed Venture Partners, Bessemer Venture Partners, Felicis Ventures, Avenir Growth Capital, Canapi Ventures, Avid Ventures
- Series C, Sep 30, 2021, $100M — Lightspeed Venture Partners, Bessemer Venture Partners, Felicis Ventures, Canapi Ventures, Avid Ventures
- Series B, Sep 16, 2020, $40M — Primary Venture Partners, Bessemer Venture Partners, Felicis Ventures, Eniac Ventures, Canapi Ventures, Avid Ventures
- Series A, Sep 17, 2019, $12M — Primary Venture Partners, Bessemer Venture Partners, Eniac Ventures
- Seed, Oct 19, 2017, $3.8M — Primary Venture Partners, Correlation Ventures, Eniac Ventures, AGO Partners, Clocktower Technology Ventures

## Investors

- Primary Venture Partners (https://capitalatlas.ai/funds/primary-venture-partners) — Seed, Series A, Series B
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A, Series B
- AGO Partners (https://capitalatlas.ai/funds/ago-partners) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series B, Series C
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series B, Series C
- Avid Ventures (https://capitalatlas.ai/funds/avid-ventures) — Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series C
- Avenir Growth Capital (https://capitalatlas.ai/funds/avenir-growth-capital) — Series C