Total amount raised
$84 Millions
Latest funding date
08/01/2021
Location
SentiLink has successfully raised funding through multiple rounds, with notable investors including Craft Ventures and Nyca Partners. The company specializes in identity verification technology aimed at detecting and blocking synthetic identities.
Keep reading to explore the intricacies of SentiLink's fundraising journey and the investors backing this innovative platform.
What Is SentiLink?
SentiLink, founded in 2017 by Maxwell Blumenfeld and Naftali Harris, is based in San Francisco, California. The company specializes in identity verification technology aimed at detecting and blocking synthetic identities. With a team of 101-250 employees, SentiLink offers a suite of products designed to prevent identity fraud at the point of application.
How Much Funding Has SentiLink Raised?
- Series A
- Amount Raised: $14M
- Date: March 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their technology and market reach in identity verification and fraud detection.
- Series B
- Amount Raised: $70M
- Date: August 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build out SentiLink’s product suite and grow its team.
Total Amount Raised: $85M. Current Valuation: Not publicly disclosed.
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm co-founded by David Sacks, known for his role as the founding COO of PayPal and the founder of Yammer. The firm focuses on early-stage and growth-stage investments, particularly in technology-driven companies.
- Investment Focus Areas: Technology, SaaS (Software as a Service), Marketplaces
- Notable Investments: Slack, Bird, SpaceX
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Silicon Valley. The firm invests in both early-stage startups and established growth companies across various sectors.
- Investment Focus Areas: Technology, Healthcare, Fintech, Consumer, Enterprise
- Notable Investments: Facebook, Airbnb, Lyft
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm founded by Aydin Senkut, a former Google executive. The firm is known for its investments in early-stage companies and has a diverse portfolio that includes technology, healthcare, and consumer sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Shopify, Plaid, Fitbit
- NYCA
- Details: NYCA Partners is a venture capital and advisory firm that focuses on financial technology companies. The firm was founded by Hans Morris, a former President of Visa, and it provides both capital and strategic advice to its portfolio companies.
- Investment Focus Areas: Fintech, Payments, Financial Services
- Notable Investments: Acorns, Affirm, Lending Club
What's Next for SentiLink?
With the recent $70 million Series B funding, SentiLink is poised to expand its product suite and grow its team. The increasing demand for identity verification solutions, accelerated by the pandemic, presents a significant opportunity for the company to partner with more financial institutions and combat fraud on a larger scale.
Future fundraising opportunities seem promising, given the involvement of high-profile investors and the growing market for identity verification, projected to be worth $16.65 billion by 2026. However, SentiLink will need to navigate challenges such as evolving fraud techniques and competition from other authentication companies to maintain its edge.
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