​On April 15, 2020, Onfido, a London-based start-up building tools to enable virtual identity verification, announced it has raised $100 million in a funding round led by TPG Growth. Onfido's CEO and co-founder, Husayn Kassai, said he started raising this round in January, just as the novel coronavirus was kicking off in China and eventually everywhere around the world. The final stages of this deal were all done virtually. Wilson Sonsini Goodrich & Rosati represented Onfido in the transaction with English law support from Taylor Wessing.

While Onfido did not disclose its valuation with this round, it has now raised $200 million in total, with its last round--$50 million almost exactly a year ago--including Microsoft, Salesforce, and SBI among the investors.

Onfido plans to use the money to expand its existing business, which has been growing especially strong in the U.S.; to fill out its ambition of building an alternative "identity verification" layer of the internet to replace credit bureaus, Facebook logins, and other established channels; and to work on a new set of use cases that are now being talked about even more because of the coronavirus pandemic, ranging from virtual voting and passport/visa applications through to secure ways of carrying out contact tracing to track the spread of a virus without compromising user privacy.

The Wilson Sonsini team representing Onfido in the transaction includes Dan Glazer, Mike Labriola, Stacy Kim, Elisa Sielski, Diviya Padman, and Rui Ke​. The Taylor Wessing team includes Angus Miln and Alex Dodds.

For more information, see TechCrunch's report covering the transaction.