Type Private Area served United States Founded 2011 | Headquarters United States Website www.sheerid.com | |
Industry Eligibility verification services Key people Jake Weatherly (CEO)
David Shear (President)
Marci Hansen (CMO) Founders David Shear, Marci Hansen, Jake Weatherly | ||
SheerID is an American eligibility verification services company. It provides eligibility verifications for retailers, membership groups, and other businesses focusing on target markets such as college students, teachers, and military personnel. SheerID was founded in 2011 and has its headquarters in Eugene, Oregon. Jake Weatherly, David Shear, and Marci Hansen co-founded the company, all of whom also act as the company's executives.
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History
SheerID was co-founded in 2011 by Jake Weatherly (CEO), David Shear (President), and Marci Hansen (CMO) in Eugene, Oregon. After its launch, the company was accepted in the Oregon Technology Business Center seed accelerator in Beaverton. During its time in the accelerator, Weatherly would meet with Diane Fraiman of Voyager Capital, one of the company's future investors. Prior to that time, SheerID had been funding mainly by small groups of angel investors.
From 2013 to 2014, SheerID's revenue grew by 10 times, doubling again during the first half of 2015. It raised $5.3 million in a series A round in 2015, led by Voyager Capital. As of 2015, the company has raised a total of $13 million in funding.
Services
SheerID provides eligibility verification for students, teachers, military personnel and their families, veterans, and first responders. Its verification services are used by companies that want to protect exclusive discounts they offer to specific target groups, online, at point of sales, or via mobile apps.
SheerID's platform acts as an intermediate between authoritative data and companies who make use of the platform. Real time verification prevents discount fraud and increases customer loyalty. Amazon.com, Best Buy, Costco, Norton, and Spotify are among SheerID's clients.