What is Truework?
Truework provides a software solution designed to automate employment and income verification requests. This automation streamlines a critical process for businesses, enhancing efficiency and accuracy in background checks and lending applications. The company's focus on this niche within the broader HR technology and fintech landscape positions it as a key player in modernizing verification processes.
How much funding has Truework raised?
Truework has raised a total of $116M across 4 funding rounds:
Series A
$12M
Series B
$30M
Series C
$50M
Private Equity
$24M
Series A (2019): $12M with participation from Khosla Ventures, Founder Collective, Steamboat Ventures, Menlo Ventures, and Stanford University
Series B (2020): $30M led by Khosla Ventures, Activant Capital Group, and Steamboat Ventures
Series C (2022): $50M supported by Indeed, G Squared, Khosla Ventures Acquisition, Sequoia Capital, and Activant Capital Group
Private Equity (2023): $24M featuring TransUnion
Key Investors in Truework
TransUnion
TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions.
Indeed
Founded in 2004, Indeed operates a job site which allows job seekers to search for jobs, post resumes, and research companies. The company is headquartered in Austin, Texas.
G Squared
Founded in 2011, G Squared is a growth-stage venture capital fund manager that deploys a unique investment strategy to deliver top-quartile returns.
What's next for Truework?
The substantial enterprise-level funding and recent strategic investment indicate Truework is poised for significant scaling and market expansion. This capital infusion will likely fuel product development, enhance sales and marketing efforts, and potentially explore new verticals or partnerships. The company's trajectory suggests a move towards solidifying its market leadership and further innovating its verification automation platform.
See full Truework company page
