# Trulioo Information Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trulioo-information-services

- Industry: IT Security/Cybersecurity
- Headquarters: Vancouver, Canada
- Website: www.trulioo.com
- Total disclosed funding: $471M
- Latest round: Series D (May 27, 2021)
- Investors on record: 8

## About

Founded in 2011 by CEO Steve Munford and based in British Columbia, Canada, Trulioo Information Services Inc. develops a cloud-based global identity verification platform for electronic accounts, documents, and businesses. The company serves businesses ranging from Fortune 500 companies to SMBs to validate against over 450 reliable data sources in more than 195 countries. Trulioo serves financial service providers such as banking, cryptocurrency, forex, gaming, eCommerce and retail, healthcare service providers, and the government sector for applications, payments, voting, surveys, and taxes among others. In 2021, Trulioo Information Services Inc. raised USD 394 million in series D funding led by new investor TCV that valued the company at USD 1.75 billion post-money. 

Trulioo GlobalGateway is a verification marketplace for identity services and data sources and its product portfolio includes identity verification such as KYC processes; ID document verification for licenses and passports through a network of document verification services using AI and ML; and business verification services such as Know-Your-Business (KYB) connecting to several registries, data sources, and verification services.

Additionally, the company offers EmbedID that allows businesses to verify customers during onboarding with facial recognition and access to several mobile network operators, credit bureaus, government data, and other independent data sources as well as AML watchlist screening solutions for anti-money-laundering and KYC requirements.

The company generates revenue by offering three plans for GlobalGateway: Free Trial, Growth, and Enterprise plans.

The company plans to utilize the Series D funding raised in 2021 to expand its investments in product innovation, build out AI/ML capabilities, and accelerate global go-to-market strategy.

## Funding rounds

- Series D, May 27, 2021, $394M — TCV, Blumberg Capital, American Express Ventures, Citi Ventures, Mouro Capital
- Series C, Sep 17, 2019, $45M — Goldman Sachs Asset Management, American Express Ventures, Citi Ventures, Mouro Capital
- Series B, Jul 31, 2018, $7.7M — BDC Capital, Blumberg Capital
- Series B, Dec 14, 2015, $15M — BDC Capital, Blumberg Capital, American Express Ventures, Tenfore Holdings
- Series A, Mar 11, 2014, $6M — BDC Capital, Blumberg Capital, Tenfore Holdings
- Seed, Nov 20, 2012, $2M — Blumberg Capital
- Seed, Jan 1, 2010, $0.3M — American Express Ventures

## Investors

- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Seed, Series B, Series C, Series D
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Seed, Series A, Series B, Series D
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Tenfore Holdings (https://capitalatlas.ai/funds/tenfore-holdings) — Series A, Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C, Series D
- Mouro Capital (https://capitalatlas.ai/funds/mouro-capital) — Series C, Series D
- TCV (https://capitalatlas.ai/funds/tcv) — Series D