SheerID

SheerID

Identity marketing and eligibility verification platform

About

SheerID specializes in identity marketing by helping businesses verify the eligibility of specific consumer groups, known as "tribes," such as military personnel, students, teachers, nurses, first responders, seniors, and young adults. The company provides a platform that allows brands to offer personalized promotions and discounts to these verified groups. SheerID connects to a global network of 9,000 authoritative data sources, enabling instant verification of a consumer's eligibility for offers, which helps businesses ensure their promotions reach the right audience. This targeted approach increases customer acquisition and loyalty while reducing the risk of fraud. Unlike many competitors, SheerID combines personalization with advanced fraud protection features, ensuring that only legitimate members of the targeted groups benefit from the offers. The goal of SheerID is to enhance customer engagement for businesses while safeguarding consumer privacy.

Company Stage

Growth Equity (Venture Capital)

Employees

51-200

Industries

Data & Analytics, Consulting, Consumer Goods

Total Funding

$92M

Headquarters

Eugene, Oregon

Founded

2011


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Simplify's Take

What believers are saying

  • Growing demand for personalized marketing solutions boosts SheerID's market potential.
  • Expansion of e-commerce increases the need for SheerID's fraud prevention services.
  • Rising trend of community-based marketing aligns with SheerID's strategic focus.

What critics are saying

  • Increased competition from startups offering similar services at lower costs.
  • Advancements in AI may lead to sophisticated fraud techniques challenging SheerID.
  • Stringent data protection regulations could increase compliance costs for SheerID.

What makes SheerID unique

  • SheerID offers real-time verification using a network of 9,000 authoritative data sources.
  • The platform targets specific consumer groups with personalized offers, enhancing customer loyalty.
  • SheerID's ISO/IEC 27701:2019 certification underscores its commitment to data privacy and security.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-5%

2 year growth

-8%

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