IDPartner Systems, a San Francisco, CA-based identity verification company, raised $3.1M in Seed funding.
The round was led by Abstract Ventures, with support from Foundation Capital, Circle Ventures, Firsthand Alliance, Correlation Ventures, Success Venture Partners and Aleo. Angel investors included Aaron VanDevender (former Chief Scientist at Founders Fund), Lance Armstrong, and Joe Grundfest
The company intends to use the funds to expand operations and its business reach.
Led by Rod Boothby, Trish Burgess, Elizabeth Garber, and Brenan Isabelle, IDPartner Systems is a marketplace for consumer-controlled digital identity. Adding its code to a site or app creates a dynamic ‘Continue with bank” button that connects the user to their preferred verification partner, with coverage at launch of more than 250 million people.
The company collaborates with OneID UK, Akoya and others to create a product that allows individuals to control their digital identities and choose a preferred identity verification partner from a network of providers, including banks and other financial service firms.
Following the round, the company graduated from the StartX accelerator.