Veremark, a London, UK-based global background screening company, has raised $3 million in pre-Series B funding, bringing its total funding to over $16 million.
Investors
The investment was led by Samaipata and Stage 2 Capital, with additional participation from ACF Investors and Vulpes Investment.
Samaipata is a venture capital investment firm that prefers to invest in early-stage startups operating in technology, marketplaces, and digital platforms based in Europe. Founded in 2016, it is based in Madrid, Spain.
Founded in 2018, Stage 2 Capital is a venture capital firm based in New York, New York. The firm prefers to invest in early-stage B2B companies operating in the software sector.
Veremark Use of Funds
The company will use the investment primarily to support its ongoing client acquisition efforts and further develop its screening technology. Specifically, the funds will be utilized to broaden the company's global reach, enhance its technological infrastructure, and provide a substantial runway for future growth initiatives.
About Veremark
Established in London in 2019, Veremark is a global background screening company with a mission to make increasing trust frictionless in the hiring process and across the workplace. They offer a comprehensive background screening service designed to assist companies in conducting checks on prospective employees, business partners, limited partners, and founders. The company has offices in Singapore, the US, Australia, New Zealand, and the Philippines.
Funding Details
Company: Veremark, Ltd.
Raised: $3.0M
Round: Pre-Series B
Funding Month: April 2024
Lead Investors: Samaipata, Stage 2 Capital
Additional Investors: ACF Investors, Vulpes Investment
Company Website: https://www.veremark.com/
Software Category: Background Screening
Source: https://www.eu-startups.com/2024/04/london-based-compliance-tech-veremark-secures-e2-8-million-to-expand-global-background-screening-capabilities/