New York based regtech startup Alloy raised $100 million in Series C funding round led by Lightspeed Venture Partners at a valuation of ~1.35 billion. The round also witnessed participation from existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis Ventures, bringing the total funding raised by the regtech to over $155 million since inception.
Founded in 2015 by Charles Hearn, Laura Spiekerman and Tommy Nicholas, Alloy provides an identity verification platform used to check frauds and make identity management effective and simple for banks and financial institutions.
