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About InState Capital

InState Capital is an investor.

InState Capital Headquarter Location

California,

United States

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Latest InState Capital News

Merit Raises $50M in Series B Funding

Jan 13, 2022

Merit , a Millbrae, Calif.-based verified identity platform, raised $50M in Series B funding, bringing the total raised to date to $80M. The round was led by Rose Park Advisors with participation from a16z, Bow Capital, Govtech Fund, Experian Ventures, Spike Ventures, InState Capital, Ricardo Villela Marino, Jaan Tallinn’s Metaplanet Holdings, Ram Shriram, and others. The company intends to use the funds to expand into new business lines and use cases, and continue to build the ecosystem that allows entire industries to operate programmatically and reliably with trust, insight, and efficiency. Led by CEO Tomer Kagan, Merit has built a platform for capturing and enabling the value of verified identity, helping organizations coordinate people at scale by removing the need for a personal connection to create trust. More than 2,000 private, state, and municipal organizations are already participating in the ecosystem to solve critical real-world problems across workforce development, emergency services, licensing, education, defense readiness, and other sectors. FinSMEs 13/01/2022

InState Capital Investments

1 Investments

InState Capital has made 1 investments. Their latest investment was in Merit as part of their Series B on January 1, 2022.

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InState Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/12/2022

Series B

Merit

$50M

Yes

9

Date

1/12/2022

Round

Series B

Company

Merit

Amount

$50M

New?

Yes

Co-Investors

Sources

9

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