Spruce snags $15M, Ipsidy intakes $10M, Steady scores $9M, CPChain collabs with Nuggets: Friday Deal Book for 08/10/2018

OWI’s Friday Deal Book provides you with a weekly roundup of identity-focused partnerships, funding, and product announcements from across the data economy. This week, Spruce raises $15 million for digital real estate documents, Steady brings in $9 million for workers, Ipsidy raises $10 million in equity funding, CPChain teams up with Nuggets, and Apple shows interest in digital passports.

Spruce raises $15.6 million for digital real estate titles

The Series A-1 round included Bessemer Venture Partners, Omidyar Network, and Collaborative Fund. The total Series A has risen to $19.1 million. Spruce plans to use the funds to grow its team and build its proprietary technology, enabling fast, frictionless and secure real estate transactions. Spruce is a digital-first real estate transaction provider that works with lenders and real estate companies in 36 states. It plans to reach all 48 contiguous states in the U.S. by the end of this year. [Read more]

Steady adds $9 million (and Shaq)

The Series A round was led by Propel Venture Partners, with significant participation from Omidyar Network. Steady is an income-building platform for the “Build-Your-Own” workforce, and the company plans to use its $9 million to scale and extend product features. The company also announced that NBA legend Shaquille O’Neal has joined as an advisor. Steady’s services aim to help workers build income, network with others, and access needs such as prescriptions and groceries. Steady also plans to work with financial institutions to provide products that are difficult to access without a traditional W2 job. The company was founded in 2017 by a team with experience in financial services and startups. [Read more]

Ipsidy announces $9.6 million in equity funding

The New York-based company received subscriptions for common stock in an equity fund raising round. The Theodore Stern Revocable Trust agreed to invest $1 million in the round, and Theodore Stern — the trustee of the Stern Trust — is one of the company’s directors. Ipsidy is a provider of biometric identification, identity management and electronic transaction processing services. [Read more]

CPChain partners with Nuggets

Nuggets, a UK-based consumer blockchain platform focused on e-commerce payments and identity, will work with CPChain to discover secure identity and payments from IoT customers and merchants within CPChain IoT data Marketplace. Together, they have pledged to build a private platform for exchanging data, particularly IoT data. CPChain handles infrastructure for Internet of Things devices in a decentralized manner. [Read more]

Apple patent shows plans to replace your passport

Apple Wallet could do a lot more than NFC payments and boarding passes, if Apple follows through with plans revealed in a new patent application. The company is considering an RFID-based digital identification system that could allow a user to ditch their passport and use their iPhone instead. The filing, entitled “Document Importation into Secure Element,” is credited to inventors Herve Sibert, Onur E. Tackin, Matthias Lerch, Ahmer A. Khan, Franck Rakotomalala, and Oren M. Elrad. [Read more]