Veremark a London-based background screening and reference checking platform has announced that it has raised $8.5 million (approximately €8.3M) in a fresh round of funding.
The round was led by US-based VC firm Stage 2 Capital, a new investor. Another new investor, pan-European venture capital firm Samaipata, also joined the round.
Existing investors Triple Point Ventures, ACF Investors, Vulpes, and SOV also provided follow-on investments, bringing the company’s total funding to $12.3M.
Veremark fresh funds will be used to expand its presence in key markets around the world and to continue developing its people compliance and verified digital credentials platform.
Company: Veremark Ltd.
Funding Month: July 2022
Lead Investors: VC firm Stage 2 Capital
Additional Investors: Triple Point Ventures, ACF Investors, Vulpes, and SOV
Company Website: https://www.veremark.com/
Software Category: Background Screening platform
About the Company: Launched in 2019 by Daniel Callaghan, Angus Bankes, and Daniel Braithwaite, Veremark is a global background screening service that works with companies to run checks on prospective employees, and business partners, LPs, and founders. Veremark is a b2b background screening and reference checking platform useable by any company that wants to hire with less risk. The company operates globally with regional offices across APAC, the UK, Europe, and the US. Veremark claims to have served hundreds of the world’s top venture-backed companies and multinationals to implement better people compliance practices. It works directly with ‘Heads of Talent Acquisition’ to help them improve speed and overall hiring experience. The firm offers more than 40 kinds of credential checks in 150 countries.