Alloy raises $100m Series C at $1.35bn valuation
Announced September 30, 2021, Alloy’s Lightspeed-led round funded expansion beyond onboarding into customer-lifecycle risk management.
Expanding beyond onboarding in 2021
Alloy announced this $100 million Series C on September 30, 2021. Lightspeed Venture Partners led the round, with existing investors Canapi Ventures, Bessemer Venture Partners, Avid Ventures and Felicis Ventures participating. The financing valued Alloy at $1.35 billion and brought its total raised above $150 million.
At the time, Alloy had expanded from onboarding decisions into transaction monitoring. The new capital was intended to extend its customer identity profiles and product capabilities, improve developer tools and grow teams across the business. Alloy reported more than 200 clients at the announcement.
Use of funds
Expand customer-lifecycle identity and risk products
Improve developer tools and grow teams