About Middesk
Middesk is a company based in San Francisco (United States) founded in 2018 by Kurt Ruppel and Kyle Mack.. Middesk has raised $77 million across 3 funding rounds from investors including Accel, Insight Partners and Canapi Ventures. Middesk offers products and services including Business Verification, Credit Assessment, and TIN Match. Middesk operates in a competitive market with competitors including BitGo, NAVEX Global, Kyriba, AuditBoard and CyberGRX, among others.
- Headquarter San Francisco, United States
- Founders Kurt Ruppel, Kyle Mack
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77 M (USD)
in 3 rounds
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Latest Funding Round
$57 M (USD), Series B
Jun 09, 2022
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Investors
Accel
& 5 more
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Employee Count
Employee Count
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Products & Services of Middesk
Middesk offers a comprehensive portfolio of products and services, including Business Verification, Credit Assessment, and TIN Match. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Verifies business customers for compliance and risk assessment
Evaluates borrowers for credit decisioning and risk management
Confirms TIN authenticity for onboarding processes
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Funding Insights of Middesk
Middesk has successfully raised a total of $77M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $57 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $57.0M
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First Round
First Round
(13 Sep 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Middesk | Valuation | Insight Partners , Canapi Ventures | |
| Mar, 2021 | Amount | Series A - Middesk | Valuation | Sequoia Capital | |
| Sep, 2019 | Amount | Seed - Middesk | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Middesk
Middesk has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Accel, Insight Partners and Canapi Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Investing in B2B software and fintech for the financial services economy.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Middesk
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Middesk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Middesk Comparisons
Competitors of Middesk
Middesk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BitGo, NAVEX Global, Kyriba, AuditBoard and CyberGRX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Crypto-based custody, trading, and lending services are provided to institutions.
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| domain | founded_year | HQ Location |
Cloud-based ethics and compliance software is provided for risk management.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based GRC and audit management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of solutions for third party risk management to banks
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Middesk
Frequently Asked Questions about Middesk
When was Middesk founded?
Middesk was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Middesk located?
Middesk is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Middesk?
Kyle Mack is the current CEO of Middesk. They have also founded this company.
Is Middesk a funded company?
Middesk is a funded company, having raised a total of $77M across 3 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Sep 13, 2019.
What does Middesk do?
Middesk was founded in 2018 in San Francisco, United States, focusing on the financial services sector. Risk management tools, including Identity and True Industry products, are provided to support business verifications, legal and regulatory checks, and industry classifications. Operations center on enabling compliance and due diligence for institutions handling company data and transactions.
Who are the top competitors of Middesk?
Middesk's top competitors include BitGo, AuditBoard and Kyriba.
What products or services does Middesk offer?
Middesk offers Business Verification, Credit Assessment, and TIN Match.
Who are Middesk's investors?
Middesk has 6 investors. Key investors include Accel, Insight Partners, Canapi Ventures, Sequoia Capital, and Gaingels.
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