ID.me, Inc. announced that it will issue 106,120,312 series D preferred shares of par value $0.001 per share at a price of $1.41349 per share for gross proceeds of $149,999,999.80888 on July 7, 2022. The shares carry non-cumulative, and participating fixed dividend value of $0.11308 per share per annum. The shares will be convertible into common shares at a fixed conversion price of $1.41349 per share.

The round will be raised at a post-money valuation of $1,535,131,540.