When one of our partners is successful, we love to spread the good news – when one of our partners is successful in getting work done, then that’s something we can really relate to. Field Nation has long enjoyed working with other companies that like to get work done, and the recent accomplishments of our partner ID.me deserve to be shared.
ID.me is a Virginia-based digital identity network that allows members of the military, students and other groups to securely prove their identities online in order to gain exclusive benefits from retailers and was a finalist in the inaugural 2013 WSJ “Startup of the Year” documentary contest. Never one to miss an opportunity, ID.me built off the buzz and excitement that surrounded the series and recently completed a Series A fundraiser that garnered $10 million and was led by a number of notable investors and companies.
With $7.5 million in new venture funding and $2.5 million in venture debt financing, ID.me founders and former Army Rangers, Blake Hall and Matt Thompson, plan on using the money to grow the business and enhance their marketing and product development efforts. Working alongside top brands like Overstock.com, Inc. and Sears Holdings Corp., the two men say that making the web a more trusted place and increasing the transparency between organizations and consumers through the use of a secure, digital ID card is the primary mission of the company.
The successful fundraiser falls hot on the heels of another success achieved by Hall and Thompson. After recognizing the digital identification technology developed by ID.me as showing promise to increase consumer trust in online transactions, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) awarded the company a $2.8 million grant. The grant added to the more than $4.2 million raised by the company since its founding in 2010, and brings their overall equity funding to just under $14 million.
Now that’s what we call getting work done!