UK’s Veremark secures €2.7M for its B2B background screening and reference-checking platform

Jose Del Barrio, Founder and Managing Partner at Samaipata says, “The growth trends around workplace compliance and regulations are both enduring and global.” “Veremark has consistently proven its ability to add and retain clients across geographies and sectors regardless of market conditions. 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, adds, “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.” “Despite a global slow down in recruitment, the company has continued to deliver exceptional growth due to the value it brings to customers. Additionally, Veremark recently launched Verepass, a career passport that empowers candidates to own, manage, and share their verified credentials securely on the blockchain. Veremark claims that it has achieved rapid growth, tripling its client base since its Series A raise in July 2022 and increasing its valuation by 50 per cent. Daniel Callaghan, founder and CEO of Veremark, says, “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.” Founded in 2019, Veremark has expanded with offices in Singapore, the US, Australia, New Zealand, and the Philippines.