Saverin Invests in Jumio

3/18/11

Jumio, a Mountain View, CA-based stealth startup developing a digital alternative to paying with cash, said in a blog post yesterday that it has raised $6.5 million in a Series A round led by Facebook co-founder Eduardo Saverin. The company said it raised the entire Series A round from “ultra high net worth individuals” rather than venture capital firms, following a model popularized by Facebook through its recent fundraising deal with Goldman Sachs. Saverin has joined Jumio’s board, and the company, which has a development center in Austria, says it intends to launch its technology “soon.”

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

By posting a comment, you agree to our terms and conditions.