logo
logo

KarmaCheck raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures to modernize background checks and credentialing.

Jun 27, 2024•about 1 year ago

Amount Raised

$45 Million

Round Type

series b

San Francisco

Investors

Next View VenturesGc1 VenturesVelvet Sea VenturesPru Ven CapitalParameter Ventures

Description

KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, has raised $45 million in a Series B funding round. The company will leverage the funding to accelerate development of its proprietary technology platform, scale its exceptional service levels to more customers and candidates, and expand into new industry verticals.

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
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech