Veremark, a London-based startup offering background screening for hiring and appraisals, has raised $3m (£2.4m).
Founded in 2019, Veremark performs background checks for companies on prospective hires, looking at qualifications and legal compliance.
Veremark can also be used to screen existing staff, business partners, limited partners and founders.
The company also recently launched Verepass, a ‘career passport’ that can be used by job candidates to manage their verified credentials. Data from Verepass is held on the blockchain. Veremark previously told UKTN that using blockchain technology means the career credentials can be “reused again with a greater level of trust in the integrity of results”.
Veremark CEO and founder Daniel Callaghan said the new funding would help broaden the firm’s international reach. Expanding into new borders has been a top priority for the company, which recently expanded in Asia-Pacific through the acquisition of Australia and New Zealand-based firm Employrite.
“We continue our mission to make increasing trust frictionless in the hiring process and across the workplace,” said Callaghan.
The investment round was led by Samaipata and Stage 2 Capital and included participation from ACF Investors and Vulpes Investment.
“The growth trends around workplace compliance and regulations are both enduring and global,” said Samaipata managing partner Jose Del Barrio.
“Veremark has consistently proven its ability to add and retain clients across geographies and sectors regardless of market conditions.”
Veremark previously raised £7.1m in a funding round in July 2022.
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