Data Zoo Raises $22.7 Million in Funding to Expand Global Identity Verification Solutions

Data Zoo's Series A Funding

Key Highlights:

• Series A Funding: Data Zoo, a global identity verification solutions provider, raised $22.7 million in Series A funding.
• Investors: Ellerston JAADE, an Ellerston Capital fund, participated in the funding round.
• Identity Verification Solutions: Data Zoo offers identity verification solutions for financial institutions, payment platforms, and fintechs, leveraging diverse authoritative data sources.
• Global Reach: With access to international data sources and advanced data sequencing, Data Zoo provides efficient and secure KYC/KYB verification and compliance services in over 170 countries.

Data Zoo's Target Market

• Financial Institutions: Banks, credit unions, and other financial organizations seeking reliable identity verification solutions to minimize fraud and risk.
• Payment Platforms and Fintechs: Companies operating in the payment industry and fintech sector, requiring efficient and secure identity verification for their customers.
• Global Market: Organizations with a global presence or serving customers across multiple countries, benefiting from Data Zoo's extensive coverage and diverse data sources.

What Data Zoo Needs to Buy

• Technology and Data Partnerships: Collaborating with technology providers and data sources to enhance their identity verification solutions and expand their global coverage.
• Marketing and Sales Support: Engaging with marketing agencies and sales experts to promote their solutions and acquire new customers.
• Research and Development: Investing in R&D to drive innovation and stay ahead of evolving identity verification requirements and technologies.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.