Participated · Series B · Apr 2024

ID5 provides a privacy-first identity infrastructure that enables addressable and measurable advertising while protecting user data. Its solutions enable user recognition across media properties and devices and have been adopted by thousands of publishers, advertisers and ad-tech platforms, including Havas Media, New York Post, M6 Publicité, Adobe Advertising platform, OpenX and Eyeota. The company says its identifier supports almost 50% of online advertising transactions, reflecting broad adoption in cookieless environments. Created in 2017, ID5 emphasizes transparent, scalable and GDPR-aware technology to help publishers monetize audiences and advertisers run effective, measurable campaigns. ID5 raised a $20 million Series B to expand its privacy-first advertising identity service and accelerate product innovation ahead of the anticipated end of cookies in 2024. The company plans to continue innovating and expanding its mission to support the entire advertising ecosystem across all channels.

Led · Equity · Jun 2023

Truework provides an income and employment verification product that integrates with third‑party services such as payroll providers, allowing lenders and mortgage providers to verify users and approve loans directly inside their applications. The product is also used by landlords and prospective employers for background and income checks. Truework announced a strategic partnership with TransUnion that will allow TransUnion customers to access both credit and income data via a single API. That partnership is intended to expand distribution into new verticals and use cases, including property management and credit card applications. Financially, Truework closed a $50 million Series C roughly ten months before this announcement and has now received an additional equity investment tied to the TransUnion partnership. The company says the combined offering will make it easier for lenders and other customers to obtain both data sets from one vendor. Truework provides APIs that enable mortgage, automotive, personal loan and student financing lenders to verify income and employment instantly by integrating with payroll providers such as Gusto, Zenefits and BambooHR. The company also supports background checks for employers and staffing firms. Truework estimates it will power more than 12 million income and employment verifications this year. It recently launched Truework Documents, a tool that converts uploaded physical documents into structured data to aid fraud assessment. The business says demand for automated verifications is rising despite uneven mortgage market activity. After raising $50 million in its latest round, Truework plans to bolster product development and increase headcount. Truework offers a platform and API that lets employers enable employees to consent to share verified employment and salary details with banks, landlords, and other verifiers. When a third party requests verification, Truework notifies the individual via email or text to approve or deny the request. The company charges larger enterprises and verifiers for access while offering the product free to small-business employers. Truework says it uses ISO27001 and SOC2 Type 1 & 2 protections and does store users’ data. It reports 20,000 small-business customers, about 100 enterprise customers, and roughly 40,000 verifiers (up from about 25,000 verifiers at the end of 2019). The startup plans to expand the types of identity details it shares via its own services and third-party partnerships and to enable profile updates regardless of an employee’s current employer. Truework builds a network for verified identity that initially focuses on employment and income data used by lending and housing markets. Its platform digitizes verification for HR departments, banks, and other parties to make income and employment checks faster and more secure. The company serves over 3,000 financial institutions and has verified income data on more than $2 billion of home loans. Truework's network includes hundreds of employers such as The College Board, Oscar Health, InVision, and Tuft & Needle. The company plans to use new funding to scale product and engineering teams and to expand the scope of its identity platform for consumer and enterprise users. Truework was founded in 2017 and is based in San Francisco, CA. Truework offers a platform that changes how sensitive information is verified during loan applications, home purchases, and employment screenings. The company is based in San Francisco, CA. Truework recently raised a $2.9M seed round. The round was led by Keith Rabois of Khosla Ventures. Other participants included Founder Collective, Menlo Ventures, Crunchfund and many other investors. The articles describe the company as refocusing verification processes for those transactions.

Participated · Equity · Jan 2022

SavvyMoney is an industry leader in financial wellness and growth solutions for financial institutions. Its integrated platform embeds real-time credit score insights, financial wellness tools, personalized offers, and advanced analytics directly into digital banking experiences, helping institutions deepen customer engagement. The software connects with over 40 digital banking platforms and currently supports a network of 1,500+ institutional partners. Through strategic moves such as the acquisition of CreditSnap, the company now powers intelligent loan origination, deposit, and account-onboarding solutions. The newly raised capital will fund an expanded product roadmap, AI-driven features, and additional go-to-market investments. Headquartered in Dublin, California, SavvyMoney combines innovative technology with hands-on service to help consumers take confident financial action while driving revenue for its clients.

Led · Series D · Oct 2021

Founded in 2011, IDfy offers an integrated TrustStack platform that enables enterprises to handle identity verification, fraud detection, and privacy compliance in a single workflow. The company serves more than 500 enterprise clients across over 10 sectors and processes in excess of 500 million verification checks each year. IDfy’s operations span seven countries, including India, markets in Southeast Asia, and the Middle East. With the accelerating adoption of digital transactions and new regulations like India’s Digital Personal Data Protection Act, demand for its services continues to grow. The firm posted operating revenue of ₹186 crore in FY25, up from ₹145 crore in FY24, and recorded a ₹1.6 crore net profit after a prior fiscal loss. Proceeds from its latest funding will support strategic acquisitions, international expansion, and further product development, positioning the company for continued growth in the global regtech arena.

Led · Series B · May 2021

Spring Labs builds the Spring Protocol, a blockchain-based data-sharing platform intended to enable richer, privacy-preserving exchanges of consumer financial and identity information for credit decisions, identity verification, fraud prevention and underwriting. The company aims to help lenders predict creditworthiness for people outside traditional credit-bureau systems and to allow competitive parties to collaborate anonymously for common-good outcomes. Management says the technology can unlock siloed data, support unique information-sharing networks, and potentially bridge the digital asset world and the regulated financial ecosystem. Spring Labs is raising a $30 million Series B led by TransUnion; the majority of the round has been funded but it had not officially closed and the valuation was not disclosed. Partnering with TransUnion gives Spring Labs access to TransUnion’s sales force and more than 10,000 contracted financial-institution customers, and TransUnion has positioned the investment as strategic as well as financial. The company previously raised a $23 million Series A in June 2019 and has added Brian Brooks as its first independent director. Spring Labs develops the Spring Protocol, a blockchain-based network that enables network participants to exchange valuable information without sharing underlying source data. Its initial use case is to facilitate the exchange of identity, fraud, and risk information among financial institutions to create a secure ecosystem for consumer financial data. The company intends to use proceeds from its financing to accelerate development of new products and the Spring Protocol itself. Spring Labs raised $23M in a Series A led by GreatPoint Ventures with participation from multiple investors. Founded in 2017 by CEO Adam Jiwan, the company is based in Chicago, IL and Los Angeles, CA. Following the investment, GreatPoint Ventures founder Andrew Perlman will join Spring Labs' board of directors. Spring Labs is developing the Spring Network, a blockchain-based platform designed to allow lenders, banks and data providers to share credit and identity information. The network is planned as a second-generation blockchain that will incorporate both public and permissioned nodes to meet regulatory and compliance needs. It will use privacy-preserving smart contracts to enforce information security and manage data-sharing. The company will use the seed funding to build its platform and to expand its engineering team. Spring Labs is led by CEO Adam Jiwan and is based in Los Angeles, CA and Chicago, IL. The article reports the company raised $14.75M in seed funding to support these efforts.