Veremark Raises $2.8M for Pre-Employment Screening
Veremark, a London, UK-based global pre-employment screening service for companies to verify employee credentials, raised a $2.8m in seed funding. Backers included ACF Investors, Triple Point Ventures and SOV Ventures, Vulpes Investment Management in Singapore, and several angel investors.
Daniel Callaghan, CEO, said: “Veremark’s aim is to help companies hire with greater confidence. Our platform is about bringing speed, simplicity and security to the hiring market. It doesn’t matter whether you are hiring in Bermondsey, Bangalore or Baltimore – we enable companies to check the claims and credentials of those they are looking to bring onboard into their companies. We see this round as an initial stepping stone in the start of transforming the overall ‘Trust’ market and build a new category around credential management to drive greater efficiency in the hiring market and beyond”
Launched in late 2019, Veremark provides an automated digital first solution that instantly lets companies, large or small, order a wide range of checks like employment history, academic, criminal and credit records checks anywhere in the world. Despite the pandemic, Veremark has grown more than 800% in the last 12 months, delivering thousands of checks per month to its range of global clients; with more than a $1m ARR in monthly sales.
The company, which has raised $3.8m in total funding to date, intends to use the funds to expand in the pre-employment screening market , and to offer both a standalone web platform, as well as an API offering that lets other service providers plug the Veremark’s verification engine into their service and instantly provide pre-employment screening services to their clients.
Announcement: Veremark Raises $2.8M for Pre-Employment Screening