Middesk raises $57M to automate business verification and underwriting

Middesk, a platform designed to automate business verification and underwriting decisions, today announced that it raised $57 million in a Series B round co-led by Insight Partners and Canapi Ventures with participation from Sequoia, Accel, and Gaingels. Co-founder and CEO Kyle Mack said that the new capital will enable Middesk to triple its headcount to 120 employees by 2023 and further develop products in the identity management space.
“When people hear ‘identity,’ they think of ‘identity verification,’ but identity means something different based on who is aski

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