FundedIQ
Government and Military

Merit: Funding, Investors & Team (Sep 2026)

Merit’s verified identity platform brings visibility, liquidity, and trust to people-data, giving organizations the clarity to make better-informed decisions, engage with individuals effectively, and pursue their mission efficiently. Merit works with trusted private, state, and municipal organizations to solve critical real-world problems insectors such as workforce development, emergency services, licensing, education, and defense readiness. By connecting organizations and individuals through applications, Merit’s technology supports a robust verified identity network that serves as a source of truth and trust for entire ecosystems.

merits.com LinkedIn Millbrae, United States 51-100 employees
Total raised
$50.0M
Rounds
1
Latest
Series B
Jan 2022

Merit has raised $50.0M across 1 funding round on record, the most recent a Series B of $50.0M announced in Jan 2022.

That round is above the $6.6M median round size for Government and Military companies tracked on FundedIQ over the last two years.

Merit Company Profile and Key Stats

Total funding raised
$50.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Series B
$50.0M in Jan 2022
Employees
51-100
reported band
Headquarters
Millbrae, United States

Latest funding round on record: Jan 2022.

Merit Funding Rounds

Date
Round
Amount
Series B
$50.0M

Merit Founders and Leadership Team

Name
Role
Contact
Tomer Kagan
CEO
Locked

Contact details for the Merit team: 1 of 1 has an email address on file.

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Merit Funding Compared to Other Government and Military Startups

Segment
Companies
Median round

Merit's latest round of $50.0M is above the median round in Government and Military. Medians cover the last 24 months of disclosed rounds.

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Merit Funding FAQs

What does Merit do?

Merit’s verified identity platform brings visibility, liquidity, and trust to people-data, giving organizations the clarity to make better-informed decisions, engage with individuals effectively, and pursue their mission efficiently. Merit works with trusted private, state, and municipal organizations to solve critical real-world problems insectors such as workforce development, emergency services, licensing, education, and defense readiness. By connecting organizations and individuals through applications, Merit’s technology supports a robust verified identity network that serves as a source of truth and trust for entire ecosystems.

How much funding has Merit raised?

Merit has raised $50.0M across 1 round on record. The most recent is a Series B of $50.0M announced in Jan 2022.

When did Merit last raise funding?

Merit's most recent funding round on record is a Series B of $50.0M, announced in Jan 2022.

Who is the CEO of Merit?

Tomer Kagan is listed as CEO at Merit.

Where is Merit headquartered?

Merit is based in Millbrae, California, United States.

How many employees does Merit have?

Merit is in the 51-100 employee band.

How does Merit's funding compare to other Government and Military startups?

Merit's latest round of $50.0M is above the $6.6M median round size for Government and Military companies on FundedIQ across 244 tracked companies over the last two years.

About FundedIQ's Merit Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Merit is left off this page rather than filled in.

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