Veremark Raises $3M in Pre-Series B Funding

Veremark, a London, UK-based background screening company, raised $3M in Pre-seed funding.

The round was led by Samaipata, and Stage 2 Capital with participation from ACF Investors and Vulpes Investment.

The company intends to use the funds to support client acquisition efforts and further develop its screening technology.

Led by Founder and CEO, Veremark provides a background screening and pre-hire check service. The platform is designed to verify candidate work histories, gather references and check identities and qualifications. It also helps businesses rescreen existing employees to maintain workplace safety and happiness. Recently, the business launched its latest product, Verepass, a career passport that allows candidates to own, manage and share their verified credentials.

Established in London in 2019, the company has offices in Singapore, the US, Australia, New Zealand, and the Philippines.

Commenting on the news, Daniel Callaghan, said: “We continue our mission to make increasing trust frictionless in the hiring process and across the workplace.  This additional funding will enable us to broaden our global reach, enhance our technology, and provide a significant runway to achieve our next growth round when it best suits the business, as we continue to empower businesses worldwide to make informed hiring decisions.”

FinSMEs

11/04/2024