KarmaCheck Raises $15M In Series A Funding


KarmaCheck, a San Francisco, CA-based provider of data-driven technology for background checks, raised $15M in Series A funding.

The round was led by Velvet Sea Ventures, with participation from Parameter Ventures, One Way Ventures, NextView Ventures and Dash Fund.

The company intends to use the funds to expand operations and its business reach.

Founded by Eric Ly, KarmaCheck provides a compliant tech platform which uses proprietary data access and processing to ease background check for employment needs. Employers can benefit from real-time, actionable notifications, to facilitate hiring decisions.

The company already works with hundreds of the biggest companies in North America, including McDonald’s, Domino’s, Recruiter.com, and more.