Great Hill Partners’ $150 Million Investment in Jumio

Goodwin Procter LLP advised Great Hill Partners, while Winston & Strawn represented Jumio on the deal.

Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding round in the digital identity space and speaks to the global importance of establishing a user’s identity remotely to defend against fraud and financial crime, comply with KYC and AML regulations and boost online conversions.

The investment will accelerate Jumio’s significant global lead in the digital identity space by devoting additional resources to automate its identity verification solutions, expand the breadth of the Jumio KYX Platform and grow its suite of AML compliance services. Jumio brings its pioneering document-centric identity approach to leading blue-chip companies across the telehealth, financial services, online gaming and social media spaces.

Evercore served as financial advisor to Jumio. Moelis & Company LLC served as financial advisor to Great Hill Partners.

The Goodwin team was led by A.J. Weidhaas (Picture) and Peter Hanoian.

Winston & Strawn represented Jumio with partners Dominick P. DeChiara, Bryan C. Goldstein, Robert B. Heller, and associate Brett C. Mueller.

Involved fees earner: Peter Hanoian – Goodwin Procter; Andrew Weidhaas – Goodwin Procter; Dominick DeChiara – Winston & Strawn; Bryan Goldstein – Winston & Strawn; Robert Heller – Winston & Strawn; Brett Mueller – Winston & Strawn;

Law Firms: Goodwin Procter; Winston & Strawn;

Clients: Great Hill Partners LLC; Jumio;

Author: Martina Bellini