Veremark Raises $8.5M for Pre-Employment Screening
Veremark, the pre-employment screening and verified career credentials firm, has raised a further $8.5m in equity funding just 9 months after its initial $2.8m seed round. The round has been led by a new investor, US venture capital firm Stage 2 Capital. Samaipata, a Pan-European venture capital firm also joined the round as a new investor, and several existing investors Triple Point Ventures, ACF Investors, Vulpes, and SOV provided follow-on investments, bringing the company’s total funding to $12.3m.
Daniel Callaghan, CEO of Veremark, said: “Traditional solutions in the credentials and compliance space are slow and laborious to use. This makes them ineffective. We’ve turned that logic on its head by creating a platform that’s easy to use and works for all parties. For small companies, Veremark eliminates the complexity of cross-border checks. For big companies, we provide a single platform that helps manage globally distributed workforces. For the candidate, the process is smooth, painless, and lets them own their data. With our expert investors now on board, we’re very confident about the future.”
Veremark massively simplifies the process of checking the claims and credentials of prospective employees based around the world through its digital platform. The firm now offers more than 40 kinds of credential checks in 150 countries.
Veremark will use the funds to expand its presence in key markets around the world and continue to develop its people compliance and verified digital credentials platform.
Announcement: Veremark Raises $8.5M for Pre-Employment Screening