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Karmacheck Secures $15M In Series A Funding, To Bring Equity And Inclusion To The Workplace Through Rapid And Scalable Background Checks

Apr 07, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series a

San Francisco

Description

KarmaCheck, a first-of-its-kind company that uses data-driven technology to bring truth, speed, and efficiency to background checks, today announced they have secured $15M in Series A funding. The round was led by Velvet Sea Ventures, an operator-led multi-stage VC firm dedicated to accelerating digital transformation and digital ownership. Additional investors include Parameter Ventures, One Way Ventures, NextView Ventures and Dash Fund.

Company Information

Company

Karma Check

Location

San Francisco, California, United States

About

Powered by AI technology to judge speed and accuracy, KarmaCheck provides employers real-time, actionable insights, completely reimagining and disrupting the background check industry. “KarmaCheck is the epitome of an industry disruptor and we’ve already seen their ability to outpace their competitors three to five times over,” said Mike Lazerow, managing partner and co-founder of Velvet Sea Ventures.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech