London-based compliance tech Veremark secures €2.8 million to expand global background screening capabilities

Veremark, a global background screening company, has secured €2.8 million in a pre-Series B round led by Samaipata and Stage 2 Capital and including participation from ACF Investors and Vulpes Investment. To meet the growing demand, Veremark recently expanded its footprint in the APAC region through the acquisition of Employrite, an Australia and New Zealand based background screening firm. Jose Del Barrio, Founder and Managing Partner at Samaipata, commented: “The growth trends around workplace compliance and regulations are both enduring and global. We are excited by the long-term vision to improve workplace trust and to partner with the company as it scales further.” Tim Mills, Managing Partner at ACF Investors, added: “With the cost of failed hires estimated to be three times their annual salary, Veremark’s efficient solution to background screening is helping businesses make fully informed hiring decisions. While performing background checks on candidates for companies across the globe, Veremark also helps businesses rescreen existing employees to maintain workplace safety and happiness.