News

What Kesha Lacks, We Have in Today's Issue

While Ke$ha may have removed the dollar sign from her name, money dominated the news this week. From startups getting funding, to a new managing director of a popular angel group, and a unique pitch event coming back to DC.

Tysons-based ID.me raised $7.5M from USAA, Blu Venture Investors, and angels. Another $2.5M in venture debt came from Silicon Valley Bank. Founder Blake Hall, left, with co-founder Matt Thompson, says the company, which started as TroopSwap in 2012, has been able to woo clients like Under Armour and Overstock.com. It started as a daily deals service for the military but has since evolved to offering validation for military and law enforcement who can receive discounts from online retailers.

Blake says one project in the works: ID validations for government agencies like the VA that interact online with consumers. The 31-person company is also working on building an online marketplace of retailers that use ID.me. He admits making a poor choice choosing the daily deals business initially since it hadn’t been proven yet. He’s learned to be more deliberate in creating a sustainable business model and focused on what he had innovated--which was being able to verify a person’s identity. Blake also hinted that the company might be outgrowing its Tysons space.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI