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July 27, 2021
AuthenticID announced it has closed a $100 million minority investment from Long Ridge Equity Partners, a technology-focused growth equity firm. The investment will support AuthenticID's continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms. AuthenticID provides document-centric identity verification delivered via a 100 percent automated identity proofing platform. Union Square Advisors served as exclusive financial advisor and DLA Piper served as legal counsel to AuthenticID. Choate, Hall, & Stewart served as legal counsel to Long Ridge Equity Partners. Founded in 2001, AuthenticID is headquartered in Seattle. Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial and business technology sectors.