Truework, a San Francisco, CA-based consent-based identity platform that gives consumers control over their personal and professional information, completed $30m Series B funding round.
The round was led by Activant Capital with participation from returning investors Sequoia Capital and Khosla Ventures as well as Jeff Weiner (LinkedIn); Tom Gonser (Docusign); William Hockey (Plaid); and Daniel Yanisse (Checkr). In conjunction with the funding, Steve Sarracino, partner at Activant Capital, will join Alfred Lin and Keith Rabois on Truework’s board of directors.
The company intends to use the funds to expand operations and its business reach.
Founded by Ryan Sandler, Ethan Winchell and Victor Kabdebon in 2017, Truework is a platform for employment and income verification that puts consumers in control of their personal data. The system digitizes the verification process for HR departments, banks, and others, to make it fast and secure for employees to get verified when applying for a loan, jobs, or apartment rental. Truework’s network of over 40,000 lenders, and background check companies, such as https://crbdirect.org.uk/, and other verifiers complete thousands of employment and income verifications every day. The employer network includes nearly 100 enterprise companies and more than 20,000 small businesses across all industries, from healthcare to technology, including The College Board, The Real Real, Oscar Health, The Motley Fool, and Tuft & Needle.