Friday, October 19, 2007

TrustedID Raises $10M For Credit Theft Prevention

Redwood City-based TrustedID, a company which operates a credit theft prevention services for consumers, said this week that it has raised $10M in a Series B funding round. The funding came from Opus Capital, and also included participation by prior investor Draper Fisher Jurvetson. TrustedID said the funding would go towards product development and business expansion. Ken Elefant of Opus Capital joins the firm's board as part of the funding. More information »