On September 17, 2019, Goldman Sachs Growth Equity led a $70 million Series C funding round for Trulioo with participation from Citi Ventures, Santander InnoVentures, and return investor American Express Ventures. Trulioo plans to use the funding to lead the company in its next growth phase, which includes scaling its operations in new markets. Trulioo expects to grow its headcount to 200 people from its current 130, with plans to hire across its Vancouver, San Francisco, and Dublin offices.
Goldman Sachs Group Inc. is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. Goldman Sachs Growth Equity (“GS Growth”) focuses exclusively on investments in growth stage and technology-driven companies.
Osler, Hoskin & Harcourt LLP advised Goldman Sachs Growth Equity with a team led by Chad Bayne and consisting of Jacques Du Plessis (Emerging and High Growth Companies) and Colena Der (Tax).