Crane leads $30m series-C for Onfido

Kenny Wastell
28 September 2017

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Crane Venture Partners has led a $30m series-C funding round for Onfido, a London-based provider of automated background checks and identity verification services.

Existing investors also took part in the round alongside Salesforce Ventures and Microsoft Ventures, which has not previously invested in Europe. According to unquote" data, Onfido has previously received funding from Idinvest Partners, Wellington Partners and CrunchFund.

The fresh capital will enable the company to invest in product development and to meet growing demand from customers in the US and other international markets.

The latest round brings the total amount raised by the company to $60m, according to a statement issued by the investors. The statement also says Onfido has increased its revenues fivefold each year over the last three years, with headcount growing from 25 to 150.

Previous funding
Wellington led a $4.5m series-A for Onfido in February 2015, with CrunchFund also taking part in the round.

Idinvest, Wellington and CrunchFund then took part in a $25m series-B funding round for the company in April 2016, with the capital earmarked for product development and the expansion of Onfido's US operations.

Company
Founded in 2012 and headquartered in London, Onfido is an online provider of background checks and identity verification services to companies looking to vet potential employees or clients. It has additional offices in San Francisco, New York, Lisbon and New Delhi, and its clients include Square, Zipcar and Revolut.

People
Crane Venture Partners – Scott Sage (partner).
Microsoft Ventures – Itxaso del Palacio (investment partner).
Onfido – Husayn Kassai (CEO, co-founder); Eamon Jubbawy (chief operations officer, co-founder); Ruhul Amin (chief technology officer, co-founder).