KarmaCheck, a San Francisco, CA-based technology-based solution for background checks, credentialing, and compliance, raised $45M in Series B in Series B funding.
The round was led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.
The company intends to use the funds to accelerate development of its proprietary technology platform, scale its service levels to more customers and candidates, and expand into new industry verticals.
Founded by Eric Ly, KarmaCheck empowers background checks and credentialing by combining technology with customer support. The platform provides staffing administrators with automated dashboards and built-in API integrations to applicant tracking systems. Candidates stay informed through a mobile-friendly interface and can schedule clinic-based screenings through the platform.
The Series B funding round follows a year of significant achievements and milestones for KarmaCheck including:
- Revenue growth of over 600%
- Expansion of its customer experience team by more than 300%
- Delivery of millions of screenings
Commenting on the news, KarmaCheck said: “But that doesn’t have to be the case. KarmaCheck focuses heavily on both technology innovation and expert-led customer service. This combination, coupled with our AI-forward approach, is unique in the industry and enables us to deliver not only fast and accurate results, but also the industry’s best candidate experience.”
FInSMEs
27/06/2024