ID.me: Raises $120M in Debt and Revolving Facility

ID.me Raises $120M in Debt and Revolving Facility

• ID.me, a Mclean VA-based secure digital identity network which simplifies how individuals prove and share their identity online, raised $120M
• The company secured $100m in debt financing from funds managed by affiliates of Fortress Investment Group LLC and $20min revolving credit
• This follows the company’s Series C round in March, securing $100m in funding at a $1.5 billion valuation
• The company intends to use the funds to accelerate growth along with the development of its secure digital identity network for all consumers
• The company provides identity proofing, authentication, and group affiliation verification solutions for organizations across different sectors
• The company secure digital identity network has 60 million members with over 100,000 new subscribers joining daily