The Tallinn office of Sorainen, working with Orrick, has helped Veriff attract a USD 69 million Series B investment from Institutional Venture Partners and Accel.
Accel is a California-based venture capital firm that provides seed, early, and growth-stage investments to startups. The company has offices in the US, the UK, India and China.
IVP is an American private equity investment firm that focuses on later-stage venture capital and growth equity investments.
Veriff is an Estonian provider of online identity verification services to organizations in the fintech, crypto, and mobility sectors. According to Sorainen, this latest investment brings Veriff’s total secured funding to date to USD 92.8 million. According to the firm, “with this latest round of funding, Veriff will continue building within the fast-growing market opportunity in the U.S. and deliver on their promise of building a stronger source of identity online than government-issued IDs alone currently provide.”
Sorainen’s team included Partner Toomas Prangli, Senior Associate Mirell Prosa, and Associate Vladislav Leiri, among others.