Led · Equity · May 2020

Deep Labs develops patented persona-based, context-aware decisioning and risk systems used to improve transaction authentication and authorization. It deploys a suite of proprietary solutions that leverage persona-based intelligence to integrate customer behavior into operations, increasing authentication accuracy and reducing susceptibility to cybercrime. The company targets a range of risk, fraud, and user engagement use cases across the banking and fintech ecosystem, including account takeover, AML, false declines to credit applications, account onboarding, marketing decisioning, and identity verification for two-sided marketplaces. Early customers include Visa, American Express, Clear, and the U.S. Government; partners include Mastercard, NICE Actimize, Booz Allen Hamilton, and General Dynamics Information Technology. Founded in 2016 and based in San Francisco, Deep Labs works with global payments networks and authentication leaders. The company closed the initial tranche of a $16M funding round in May 2020.

Led · Equity · Oct 2019

IDnow offers a comprehensive identity proofing and digital identity platform with a broad range of identity verification and document signing solutions. Its methods span automated to human-assisted flows and online to point-of-sale use cases, optimized for security and user conversion. The company serves over 900 enterprise customers across multiple verticals with coverage in 195 countries. IDnow plans to use new capital to scale investments in strategic initiatives including introducing new identity proofing solutions, continued geographic expansion, and potential acquisitions. Founded in 2014 and led by CEO Andreas Bodczek, the company has offices in Germany, the United Kingdom and France. It is backed by institutional investors led by Corsair Capital. IDnow operates a platform that handles remote auto and video identification as well as electronic signature services to help users comply with KYC and AML regulations. The Munich-based company offers identity verification-as-a-service to businesses seeking remote onboarding and compliance solutions. IDnow recently acquired Wirecard Communication Services to bolster its customer service team. The company is pursuing international expansion, supported by external financing. Financially, IDnow received €15 million from the European Investment Bank and last year raised $40 million in a round led by Corsair Capital. The new financing is intended to support research and development and the company’s international growth plans. IDnow provides an online identity verification platform that uses image recognition of ID documents via smartphone, tablet or webcam. The company, which emerged in 2014, positions itself in the Identity Verification-as-a-Service space and targets digital onboarding and security needs across industries. Leadership says IDnow is well-positioned to capture greater market share in Europe and beyond. IDnow was the first startup out of JET A, the holding company set up by Amiando founders, and lists Felix Haas as co-founder and executive chairman alongside other co-founders. The company recently secured growth capital, indicating investor interest in its expansion plans. No operational metrics (revenue/users) are reported in the article. IDnow is a Munich-based provider of identification and eSigning solutions that develops secure electronic identification and contract-signing products for computers and smartphones. Its platform targets businesses that acquire customers online, including online and retail banks, credit and finance providers, credit card companies, local authorities and insurance firms. Clients number more than 100, including Commerzbank, UBS and Number26. Founded in 2014 by Jet A and led by managing director Sebastian Bärhold, the company is focused on expanding its European presence. IDnow intends to use the Series A proceeds for European expansion and further development of its identification and eSigning platform. The company secured several million euros in Series A funding from Seventure, BayBG Bayerische Beteiligungsgesellschaft and business angels.

Participated · Series D · Oct 2014

Personal Capital is a digital wealth management company that offers free online tools to aggregate users’ accounts and provide financial clarity alongside advisory services. Led by CEO Jay Shah, the company has launched products such as Smart Withdrawal™, a personalized, tax-efficient retirement withdrawal planner. It recently announced a partnership with Alight Solutions and AllianceBernstein to create WealthSpark™, delivering personalized financial insights to American workers. Personal Capital reports more than $8.5 billion in assets under management and two million registered users, tracking over $650 billion in aggregated account value. The company said it will use the new funding to drive growth, enhance its technology platform, and invest in value-added partnerships. Personal Capital is based in Redwood City, California, and also has hubs in San Francisco, Denver, Dallas, and Atlanta. Personal Capital combines online financial tools with registered financial advisor expertise to help users understand, manage and grow their net worth. Led by CEO Jay Shah, the company offers advisory services alongside its digital platform and has developed a Private Client Service for investors with more than $1 million in investable assets. Those private clients comprise about 40 percent of the company's $4.9 billion in assets under management. The company intends to use new funding to expand product development and marketing and to scale its advisory force across multiple markets including Dallas, Atlanta, New York, greater Los Angeles and Chicago. Personal Capital also plans to expand its offices in San Francisco and Denver. Personal Capital provides award-winning online financial tools and a suite of fee-based wealth‑advisory services that combine digital dashboards with access to accredited financial advisors. Its paid offerings include personalized portfolios, tax‑loss harvesting, diversified asset allocation, systematic rebalancing and advisory support for retirement, college savings, estate planning, home purchases and 401(k) contributions. The company offers its dashboard and tools free to US users while converting a subset into advisory clients. Personal Capital reported more than 1.3 million registered users of its free tools and grew assets under management from about $1.9 billion to over $3.4 billion (an increase of $1.5 billion, or 80%, in under 12 months). Management said the additional capital has been used to expand marketing, hiring and product offerings and to accelerate growth in the number of households served. The company is based in the United States. Personal Capital is an online wealth management platform that combines dedicated financial advisors with client‑facing financial technology. It pairs award‑winning online tools that provide financial transparency with personalized advice from accredited financial advisers. The company is reported to be growing rapidly in the mass‑affluent and high‑net‑worth market segments. Founder and CEO Bill Harris brings more than 25 years of experience in financial technology, including leadership roles at Intuit and PayPal. The article states Personal Capital will benefit from a strategic relationship with IGM Financial, leveraging IGM’s financial‑advice and asset‑management expertise to support its growth. The article does not disclose revenue or user metrics. Personal Capital offers an electronically enabled financial management tool that aggregates users' cash, debts, investments and other holdings to show a full picture of financial health. The core product is free-to-use software, while advisory and investment management services are paid. The company combines technology with human advisors and recently launched a private client service for families with over $1 million in invested assets. Over 600,000 families use Personal Capital’s software and services to track about $100 billion in holdings, though the subset using the firm to manage assets is much smaller. The private client service now accounts for over a quarter of the company’s business. Management says capital from the new round will be used to roll out additional products and services such as mortgages and other financial tools.