CLEAR raises $15M, fuels growth of its biometric identity platform

April 18, 2017 - 

Biometric identity membership platform CLEAR has raised $15 million from T. Rowe Price’s New Horizon Fund.

This new investment will accelerate the continued expansion of CLEAR’s airport and stadium network, and the development of additional biometric capabilities in new verticals.

“We are obsessed with our customers and can’t wait to bring them more ways to use CLEAR,” commented CEO Caryn Seidman Becker. “We lead the industry in secure biometric powered customer experiences and the opportunities to expand into new verticals are endless.”

CLEAR’s platform has been used nearly six million times and, in the last six months, the company has nearly doubled its footprint to 21 of the nation’s busiest airports and seven professional sports venues.

“CLEAR is an early-stage growth company that is removing friction from its customers’ daily lives by providing increased security and efficiency,” said Henry Ellenbogen, portfolio manager of T. Rowe Price New Horizons Fund. “We believe it has the management team to build a much bigger company.”

Last December the company brought on executives from U.S. Customs Service, Amazon, American Express and Avon to support its nationwide expansion.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. Connect with Stephen on LinkindIn.