ID.me adds $65M series E equity fundraise to massive credit facility
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# ID.me adds $65M series E equity fundraise to massive credit facility
Plans to accelerate reusable digital identity rollout
Sep 3, 2025, 3:38 pm EDT | Chris Burt
Categories Biometrics News | Trade Notes
ID.me has raised $340 million between a series E funding round and a credit facility agreed to earlier this year, and plans to use the money to accelerate its rollout of secure, reusable digital identity.
The fundraise was based on a valuation of higher than $2 billion for ID.me, according to the company announcement.
Ribbit Capital led the round, joined by existing investors Ares Credit funds and Moonshots Capital, along with Positive Sum and other new investors. Ares funds announced plans to make an equity investment in ID.me when it agreed to extend a $275 million credit facility to the digital identity verification provider in January.
ID.me is up to 152 million users, 76 million of whom are verified to the U.S. federal government’s IAL2 standard, meaning they have been through either biometric or supervised identity verification. The company uses face biometrics technology supplied by Paravision. ID.me supported more than 409 million successful logins in 2024, which represents a 44 percent year-over-year increase, last year.
“Fraud is evolving at the speed of AI — and so are we,” says Blake Hall, founder and CEO of ID.me. “Secure identity is foundational to AI ecosystems that will depend on memory, context, and authentication, and ID.me is leading the charge. This funding strengthens our ability to expand secure digital access, protect privacy, and innovate faster to stay ahead of criminal networks.”
Id.me counts 20 federal and 45 state agencies as customers, along with over 70 healthcare organizations, 600 consumer brands and 500 U.S.-based employers. It is part of a recently-launched federal initiative to overhaul how Americans access their health data.
The company notes that it has been credited with helping seven states reduce unemployment fraud