Alloy Raises $100M In Series C As It Reaches $1.35B Valuation


New York-based identity verification developer Alloy has recently announced that they have raised $100 million in a Series C funding round. Justin Overdorff’s Lightspeed Venture Partners led the round. Existing investors like Canapi Ventures, Bessemer Venture Partners, Avid Ventures, and Felicis Ventures also took part. This brought the company’s valuation to $1.35 billion, and the total amount raised so far to over $150 million.

Alloy is an identity verification platform that banks and fintech companies use. Using Alloy, they can automate decisions and approve more customers. At the moment, they process over 450,000 decisions daily on average. Their single-API platform connects the financial institution to data about the behavior of their customers from the day they onboard. This help...

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