Trulioo Information Services Inc. announced that it has completed a US$394 million Series D financing round at a US$1.75 billion valuation. The Series D financing round was led by the American investment firm TCV, one of the world's largest growth equity firms, with participation from existing investors Amex Ventures, Citi Ventures, Blumberg Capital and Mouro Capital.
Trulioo is a Vancouver-based technology company that is a leader in global identity verification software. This valuation situates Trulioo in the growing list of BC companies that have achieved “unicorn” status.
Fasken advised Trulioo with a team led by Iain Mant and Ally Bharmal and included Brandon Deans (Private Equity & Venture Capital), Reina Mistry (Corporate/Commercial), Mike Coburn (Tax), Karam Bayrakal (Information Technology) and Lorene Novakowski (Privacy and Employment).
- British Columbia