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 a contributing editor at Xconomy. Follow @

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