# TRUSTDOCK

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trustdock

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: biz.trustdock.io
- Total disclosed funding: $26M
- Latest round: Series D (May 17, 2023)
- Investors on record: 9

## About

Based in Japan, TRUSTDOCK Inc. is a provider of digital identity verification solutions, focusing on enhancing onboarding processes and ensuring regulatory compliance across various sectors.TRUSTDOCK Inc. is headquartered in Tokyo, Japan, and specializes in innovative digital identity verification solutions. The company was founded in 2017 and has completed four significant deals, with the most recent funding round occurring on May 17, 2023. During this Series D funding, the company raised JPY 1.5 billion, led by Globis Capital Partners and supported by other investors such as Green Coin Best LLC and JIC Venture Growth Investments. TRUSTDOCK's founder has not been specified, and there is no mention of any pivots or subsidiary relationships.TrustDock specializes in providing innovative digital identity verification solutions designed to streamline the onboarding process for businesses. Their core offerings include a suite of identity verification tools that utilize biometric data, document authentication, and real-time fraud detection algorithms. These solutions effectively address identity theft and regulatory compliance challenges in sectors like finance, e-commerce, and online services. TrustDock serves a varied client base, including banks, fintech firms, and retailers, allowing them to enhance customer trust while adhering to Know Your Customer (KYC) regulations. Their products are available in multiple international markets, especially in Asia-Pacific and Europe.TrustDock generates revenue primarily through a subscription-based model, offering clients access to its identity verification services via annual contracts. These contracts provide tiered access to features like biometric verification, document checks, and fraud monitoring tools. Collaborations with financial institutions and e-commerce platforms further diversify revenue streams as these entities integrate TrustDock's solutions into their customer onboarding processes. The pricing structure is designed to accommodate diverse business sizes and needs, with specific plans for both B2B and direct-to-consumer transactions, fostering long-term client relationships in the digital identity verification market.In May 2023, TRUSTDOCK Inc. raised JPY 1.5 billion in Series D funding to strengthen its operational structure and develop various services. The company aims to expand its product offerings and enhance its existing solutions in the coming year. Additionally, TRUSTDOCK plans to penetrate new markets, particularly targeting regions in Asia-Pacific and Europe. The recent funding will support these initiatives, allowing TRUSTDOCK to further innovate and meet the growing demand for robust identity verification solutions.

## Funding rounds

- Series D, May 17, 2023, $11M — Globis Capital Partners, SMBC Venture Capital, Mizuho Capital, Sony Innovation Fund, JIC Venture Growth Investments, Green Coin Best LLC
- Series C, Jun 24, 2021, $12M — Globis Capital Partners, Mitsubishi UFJ Capital, SMBC Venture Capital, Mizuho Capital, STRIVE, Sony Innovation Fund
- Series B, May 15, 2019, $3.4M — Mitsubishi UFJ Capital, SMBC Venture Capital, Mizuho Capital, STRIVE, Sony Innovation Fund, Coral Capital

## Investors

- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B, Series C
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B, Series C, Series D
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series B, Series C, Series D
- STRIVE (https://capitalatlas.ai/funds/strive) — Series B, Series C
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series B, Series C, Series D
- Coral Capital — Series B
- Globis Capital Partners (https://capitalatlas.ai/funds/globis-capital-partners) — Series C, Series D
- JIC Venture Growth Investments (https://capitalatlas.ai/funds/jic-venture-growth-investments) — Series D
- Green Coin Best LLC — Series D