SureID expands identity management solutions with capital raise from Goldman Sachs Specialty Lending Group L.P.

Goldman Sachs' credit facility allows SureID to accelerate its growth of high-assurance identity management solutions

SureID, Inc., a national leader in high-assurance identity management solutions, announced recently that it has closed on a capital raise with Goldman Sachs Specialty Lending Group L.P. This credit facility allows SureID to accelerate its growth, including through expansion of high-assurance identity management solutions for consumers as well as government and commercial organisations.

Largest single round of financing

“This funding will help us execute our expansion plan,” said Steve Larson, SureID Chairman and CEO. “Given the growing importance of identity management and our tested and trusted solutions, the timing of this capital raise is excellent to help ensure we have the resources to meet the growing demand for our services.”

This past year, SureID was named to the Inc. 5000 list of the nation’s fasted growing companies for the fifth year in a row. This financing marks the largest single round of financing in the company’s history and comes at a time when the company is on pace for another year of record annual revenues and when enrolments in its flagship RAPIDGate Programme is at an all-time high.

Goldman Sachs Specialty Lending Group ("GSSLG"), founded in 2004, operates as the middle market financing and investing platform within The Goldman Sachs Group, Inc.

SureID was advised on the deal by Deloitte Corporate Finance LLC and was represented by legal counsel from the Portland office of Perkins Coie LLP.