IDPartner Systems Secures $3.1M in Seed Funding to Build a Trusted, User-controlled Global Marketplace for Reusable Digital Identity.
May 4, 2023
San Francisco-based IDPartner Systems has announced the successful completion of its Seed funding round, raising $3.1 million from a consortium of investors, including Aleo, Correlation Ventures, Foundation Capital, Abstract Ventures, Firsthand Alliance, and Success Venture Partners.
The funding will support IDPartner Systems' mission to build an open, global trust network for identity verification powered by financial institutions. The company's co-founder, Rod Boothby, said the funding will help the company accelerate the development of its technology and expand its reach to more financial institutions globally.
IDPartner Systems is working to create a future where the internet is a secure and trustworthy place, free from fraud, misinformation, and cybercrime. The company is building a trusted, user-controlled, global marketplace for reusable digital identity that enables people to thrive online.
IDPartner Systems' Seed funding round marks an important milestone for the company as it looks to expand its reach and bring its technology to more financial institutions around the world. With the support of its investors, the company is poised to make a significant impact on the future of online identity verification.