London-based Veremark has raised $26 million in
Series B funding, led by Gresham House Ventures, with participation from
existing investors Samaipata, ACF Investors, and Stage 2 Capital, alongside a
multi-million dollar debt facility from Salica Partners.
Founded in 2020, Veremark is a global workplace
trust company that provides background screening, whistleblowing, and
credential verification services through a single platform.
Veremark supports organisations by conducting
background checks for new hires and rescreening existing employees, helping
employers manage compliance, risk, and workplace standards across multiple
jurisdictions. As workforces become more global and dynamic, with shorter
employment tenures and increased use of AI-generated or misleading candidate
information, verification and identity checks have become more complex for
hiring teams.
In addition to pre-employment screening,
Veremark has expanded its offering to support workplace integrity throughout
the employment lifecycle. This includes an anonymous whistleblowing and
speak-up platform, reporting tools, and a digital career passport, Verepass,
which allows individuals to store, manage, and share verified credentials.
Built on blockchain technology, Verepass is designed to reduce the need for
repeated checks and streamline verification processes for employers.
Daniel Callaghan, CEO and co-founder of
Veremark, noted that organisations are increasingly adopting continuous
approaches to managing employee conduct risk. He added:
Veremark provides companies with enhanced
confidence in who they are bringing into the business and enables multiple
checkpoints to ensure their behaviours remain ethical and appropriate. We help
companies reduce hiring risk, improve auditability and help protect workplace
integrity beyond the point of hire.
Our goal is to make trust something
employers can evidence and manage in practice, combining secure global
screening with tools that help protect people, surface concerns earlier and
strengthen workplace standards.
The investment follows a period of continued
growth for Veremark, during which the company expanded its capabilities through
the acquisition of Agenda Screening Services, a background screening provider
offering a broad range of checks, including criminal, employment, sanctions,
credit, and bankruptcy screening across more than 180 countries.
The
new funding will be used to support further product development, investment in
AI capabilities, and continued expansion of the company’s global operations.