Veremark raises £7.1m in Series A funding led by Stage 2 Capital to expand operations
The Series A round was led by Stage 2 Capital with participation from Samaipata and existing investors.
Veremark provides a global background screening service to help companies run checks on prospective employees and business partners. The firm operates internationally with offices across several regions including Singapore, the US and the Philippines.
Veremark has secured £7.1m in Series A funding to expand its international footprint and develop its compliance and digital credentials platform. Stage 2 Capital led the round, with participation from Samaipata and existing backers including Triple Point Ventures, ACF Investors, Vulpes, and SOV. The fresh capital follows strong revenue growth and builds on the company's previous seed financing.
The firm aims to address manual inefficiencies in candidate vetting by offering a streamlined digital workflow. Veremark intends to use the proceeds to support further growth as demand for its compliance tools increases among corporate clients and recruitment partners.
From the founder
"Traditional solutions in the credentials and compliance space are slow and laborious to use. This makes them ineffective. We’ve turned that logic on its head by creating a platform that’s easy to use and works for all parties."
Daniel Callaghan
Founder and CEO at Veremark
Investor perspective
"Effective pre-employment screening and candidate vetting are critical considerations for business operations, compliance, and risk management. Yet, around the world, these processes are highly manual and often delayed, inaccurate, or incomplete."
Anubhav Maheshwari
Partner, Stage 2 Capital
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
Anubhav Maheshwari
Stage 2 Capital
Jose del Barrio
Samaipata
Seb Wallace
Triple Point Ventures
Paul Faucet
ACF Investors
Vulpes
SOV
