Jumio Receives Undisclosed Investment From Citi Ventures

Jumio, which uses a Webcam to verify identity or scan credit cards, raised $25.5 million in March. The second round was led by Andreessen Horowitz. Today, Jumio announced that it topped off that round with an undisclosed sum from Citi Ventures. To date, the company has raised $35.4 million.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald