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Angel Investor (Individual)

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Investments

7

Portfolio Exits

1

About Darrell Cavens

Darrell Cavens is the CEO of Zulily.

Darrell Cavens Headquarter Location

Seattle, Washington,

United States

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Latest Darrell Cavens News

Contactless Digital Identity AI Platform Vouched Announces $4.5 Million Financing Round

Aug 25, 2021

Capital to Fund Continued Growth as Vouched Delivers Critical Online Identity Verification to Banking, Healthcare, and Legal Industry Vouched , the developer of proprietary, AI-powered, real-time identity verification services, announced it has closed a $4.5M funding round. The financing, led by leading digital tech entrepreneur Darrell Cavens, alongside strategic investments from both banking and legal services firms, accelerates the dynamic growth of the business. “Darrell and Mark are legendary industry disruptors and builders. Our strategic partners in banking and law will likewise be crucial partners in our effort to accelerate Vouched’s worldwide identity platform: banking, because it powers all economic activity and relies upon identity for every transaction, and legal, because it defines identity.” “Governments, businesses and consumers alike are increasingly moving their activities online,” said John Baird , Co-founder and CEO of Vouched. “We’re standing at the precipice of a purely digital world, and being able to verify identity online is both crucial, and increasingly complicated: the traditional understanding of identity, which rests wholly on in-person examination, no longer exists. Yet, access to our most important services – banking, healthcare, employment, government aid – requires it. There is a huge need for fast, rigorous, accurate and compliant online verification. That’s what Vouched does.” “Vouched is moving online identification forward at a very rapid pace, and I believe it’s exactly what so many businesses, governments, and consumers need,” said Darrell Cavens. “Knowing, with precision, who a customer is will unlock dozens of crucial services to be offered digitally.” The ongoing migration to digital interactions between businesses and their customers created robust demand for the Vouched digital ID verification service. The COVID pandemic acted as an accelerant, as the demand for touchless ID verification on a global scale became a necessity across virtually every industry. Now, it is clear to businesses around the world that fast, accurate online identification is a competitive advantage. “Our I.D. verification system enables faster, safer, hassle-free transactions for any interaction where identification matters. Whether you’re trying to set up a bank account online, check into a hotel room without waiting in line, or simply get information from your doctor, Vouched solves the problem of proving that you’re you,” Baird added. “As hotels, retail banks and other consumer-facing businesses discover and adopt this technology, I don’t see a return to analog verification models.” To date, the firm has verified the identities of nearly 3 million individuals worldwide and serves more than 150 companies in numerous verticals, including banking, fintech, healthcare, telemedicine, legal, car rentals, travel/hotel, ecommerce, art purchasing, wire transfers, and employment recruiting and screening. Vouched’s management team and investors—including leading digital tech entrepreneur Darrell Cavens, with added support from Mark Vadon, Bankers Healthcare Group, and Professional Bank—now recognize the potential to verify hundreds of millions of citizen identities globally. “We brought together a dynamic array of innovators and investors,” said Baird. “Darrell and Mark are legendary industry disruptors and builders. Our strategic partners in banking and law will likewise be crucial partners in our effort to accelerate Vouched’s worldwide identity platform: banking, because it powers all economic activity and relies upon identity for every transaction, and legal, because it defines identity.”

Darrell Cavens Investments

7 Investments

Darrell Cavens has made 7 investments. Their latest investment was in Vouched as part of their Seed on August 8, 2021.

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Darrell Cavens Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Seed

Vouched

$4.5M

Yes

Mark Vadon, and Undisclosed Investors

9

6/9/2021

Seed VC - II

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$99M

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10

6/12/2019

Angel - II

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$99M

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10

3/26/2019

Angel

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$99M

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10

10/24/2018

Angel

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$99M

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10

Date

8/24/2021

6/9/2021

6/12/2019

3/26/2019

10/24/2018

Round

Seed

Seed VC - II

Angel - II

Angel

Angel

Company

Vouched

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Amount

$4.5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Mark Vadon, and Undisclosed Investors

Sources

9

10

10

10

10

Darrell Cavens Portfolio Exits

1 Portfolio Exit

Darrell Cavens has 1 portfolio exit. Their latest portfolio exit was Red Tricycle on March 10, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/10/2020

Acquired

$991

1

Date

3/10/2020

Exit

Acquired

Companies

Valuation

$991

Acquirer

Sources

1

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