Yardstik, a technology company offering screening, verification, and training solutions tailored to gig marketplaces and SaaS platforms, announced Thursday it has raised $8 million in Series A funding. The round was led by Virginia- based Grotech Ventures, with Minnesota-based Great North Ventures and Rally Ventures also participating. California-based Crosslink Capital also contributed.
“The markets are absolutely ripe for innovation,” Matt Meents, CEO and co-founder of Yardstik, said. “Our customers are on the front lines and recognizing opportunities to do things differently, better, and to redefine the status quo. It’s exciting to play a role in that.”
Yardstick offers screening, verification, and training solutions tailored to gig marketplaces and Software-as-a-Service (SaaS) platforms.
Yardstik will use this financing to support their rapid growth—from 38 customers in 2020 to 131 customers in 2021—bringing on additional team members, funding continued product development, and evolving their go-to-market strategy.
Announcement: Yardstick Raises $8M for Background Screening