About SheerID
SheerID is a company based in Portland (United States) founded in 2011 by Marci Hansen, Jake Weatherly, and David Shear.. SheerID has raised $96.13 million across 9 funding rounds from investors including CVC, Centana Growth Partners and Voyager Capital. The company has 139 employees as of December 31, 2020. SheerID offers products and services including Audience Data Platform, Affinity Network, Alliance Network, and Audience Network. SheerID operates in a competitive market with competitors including Groupon, WhutsFree, Dashible, PerkWiz and Contact Karma, among others.
- Headquarter Portland, United States
- Employees 139 as on 31 Dec, 2020
- Founders Marci Hansen, Jake Weatherly, David Shear
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Sectors
Retail
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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
$96.13 M (USD)
in 9 rounds
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Latest Funding Round
$64 M (USD), Series C
Nov 13, 2019
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Investors
CVC
& 3 more
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Employee Count
139
as on Dec 31, 2020
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Products & Services of SheerID
SheerID offers a comprehensive portfolio of products and services, including Audience Data Platform, Affinity Network, Alliance Network, and Audience Network. 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 identities and enriches CRM for targeted marketing campaigns.
Connects brands for demographic-based exclusive offers.
Facilitates cross-promotions for customer loyalty programs.
Delivers personalized rewards to verified audiences.
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Funding Insights of SheerID
SheerID has successfully raised a total of $96.13M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $64 million completed in November 2019. 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 9
- Last Round Series C — $64.0M
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First Round
First Round
(14 Dec 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series C - SheerID | Valuation | CVC | |
| Jan, 2018 | Amount | Series B - SheerID | Valuation | Centana Growth Partners | |
| Mar, 2017 | Amount | Series B - SheerID | Valuation | Voyager Capital |
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| 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 SheerID
SheerID has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include CVC, Centana Growth Partners and Voyager Capital. 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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Mezzanine financing and equity investments are provided by CVC.
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Founded Year | Domain | Location | |
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Investments are made in growth-stage tech and offline US/Canada companies.
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Founded Year | Domain | Location | |
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Early-stage US tech investments are managed by Voyager Capital.
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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 SheerID
| 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 - SheerID
| 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 |
Sheerid Comparisons
Competitors of SheerID
SheerID 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 Groupon, WhutsFree, Dashible, PerkWiz and Contact Karma, 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 |
Online marketplace offering deals on multi-category products and services
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| domain | founded_year | HQ Location |
App platform for discovering and redeeming free local business offers.
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| domain | founded_year | HQ Location |
Digital platform for creating loyalty programs and promotional deals.
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| domain | founded_year | HQ Location |
An app-based platform connecting users for hiring and selling services efficiently.
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| domain | founded_year | HQ Location |
An online platform offering deals and discounts for multi-category products.
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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 Sheerid
Frequently Asked Questions about SheerID
When was SheerID founded?
SheerID was founded in 2011.
Where is SheerID located?
SheerID is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Is SheerID a funded company?
SheerID is a funded company, having raised a total of $96.13M across 9 funding rounds to date. The company's 1st funding round was a Series B of $2.9M, raised on Dec 14, 2011.
How many employees does SheerID have?
As of Dec 31, 2020, the latest employee count at SheerID is 139.
What does SheerID do?
Founded in 2011 and based in Portland, United States, SheerID operates in the identity verification sector. Automated solutions are provided to connect websites, point-of-sale systems, mobile applications, and customer service platforms with databases. Eligibility for discounts is checked for segments including college students, first responders, teachers, active military members, spouses and dependents, reservists, and veterans. Verification occurs in real time to support targeted promotions.
Who are the top competitors of SheerID?
What products or services does SheerID offer?
SheerID offers Audience Data Platform, Affinity Network, Alliance Network, and Audience Network.
Who are SheerID's investors?
SheerID has 4 investors. Key investors include CVC, Centana Growth Partners, Voyager Capital, and Arnold Venture Group.
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