The pre-series b round was led by Samaipata and Stage 2 Capital to support client acquisition and technology development.
"With the cost of failed hires estimated to be three times their annual salary, Veremark’s efficient solution to background screening is helping businesses make fully informed hiring decisions. Despite a global slow down in recruitment, the company has continued to deliver exceptional growth due to the value it brings to customers. We are excited to continue backing Veremark’s remarkable growth journey as it continues to redefine workplace compliance and screening."
The London-based insurance platform will use the capital to drive expansion plans and further develop its underwriting software.
"We are delighted to be working with a solid partner with the reputation and pedigree of ACF Investors. This capital will be used to drive our expansion plans and further develop our underwriting platform."
The East Midlands clean tech startup raised the capital from ACF Investors to develop its sawdust-to-biochemicals plant.
"The founding sugar scientist, now retired, was inspired by seeing how waste from sugar cane processing was under-valued and often burned. He wanted to extract environmental and economic benefits from such woody biomass waste. Early active shareholders then evolved the concept into our current focus on the sawdust produced from timber operations, giving us a high volume feedstock available in the UK."
The financing round was led by ACF Investors with participation from Nauta Capital, Ascension Ventures, and several strategic angels.
"Against the current zeitgeist of increasing privacy regulations and data restrictions by platforms, there is an urgent need for innovative solutions that empower advertisers without compromising user privacy. This investment is a testament to our foresight in on-device AI and privacy-focused technologies, setting the stage for our global product and commercial expansion plans."
