What is KarmaCheck?
KarmaCheck operates as a comprehensive background screening and identity verification platform, offering essential services such as employment background checks, criminal record searches, and candidate screening. The company's core offering includes automated background check technology, designed for seamless integration with applicant tracking systems, thereby optimizing the hiring workflow for HR departments and organizations. By providing compliant and efficient screening solutions, KarmaCheck addresses a critical need within the employment screening and HR technology industry, ensuring employers can make informed hiring decisions.
How much funding has KarmaCheck raised?
KarmaCheck has raised a total of $60M across 2 funding rounds:
Series A
$15M
Series B
$45M
Series A (2022): $15M with participation from Velvet Sea Ventures, Parameter Ventures, One Way Ventures, NextView Ventures, and Dash Fund
Series B (2024): $45M led by Parameter Ventures, Velvet Sea, and NextView Ventures
Key Investors in KarmaCheck
Parameter Ventures
Parameter Ventures is a New York-based venture capital firm dedicated to supporting enterprise software innovators in developing groundbreaking products. The firm combines financial investment with valuable resources to assist founders in realizing their visions.
Velvet Sea
Velvet Sea Ventures is a multi-stage venture capital firm dedicated to helping entrepreneurs realize their visions. With over 80 years of combined experience and more than $2 billion invested, they provide capital investments from seed to growth stages along with strategic support across various sectors.
NextView Ventures
NextView is a thematic, seed-stage VC firm focused on the Everyday Economy and the company invest nationally across consumer and B2B companies. The company is proud seed investors in over 100 portfolio companies over the last decade, including TripleLift, Grove Collaborative, Attentive, Devoted Health, Skillz, Parsec, ThredUP, and WHOOP.
What's next for KarmaCheck?
With the recent influx of major strategic investment, KarmaCheck is poised for accelerated expansion and technological advancement. The company's focus on enterprise-level funding suggests a strategic push towards scaling its operations, enhancing its platform's capabilities, and potentially broadening its market reach. Future developments are likely to include deeper integrations with HR systems, further automation of verification processes, and enhanced data security measures. This capital infusion will empower KarmaCheck to solidify its competitive advantage and continue its mission of providing reliable and efficient background screening solutions to a growing client base.
See full KarmaCheck company page
