Veremark lands €22 million Series B to expand workplace trust platform
London-based workplace trust company Veremark has raised €22 million (about $26 million) in Series B funding as it accelerates product development and international expansion for its AI-enabled background screening and employee integrity tools.
The round was led by Gresham House Ventures, with participation from existing investors Samaipata, ACF Investors and Stage 2 Capital. The financing also includes a multi-million dollar debt facility provided by Salica Investments.
The new capital follows a smaller €2.8 million raise in 2024 and comes amid a broader push by employers to strengthen hiring controls and ongoing conduct monitoring as workforces become more distributed and turnover increases.
From pre-hire checks to “always on” conduct risk
Daniel Callaghan, CEO and co-founder of Veremark, said companies are increasingly looking beyond one-time background checks and toward continuous approaches to managing employee risk.
“The modern company is looking to ensure an always on mindset to managing employee conduct risk,” Callaghan said. He added that the platform is designed to help employers “reduce hiring risk, improve auditability and help protect workplace integrity beyond the point of hire.”
Veremark positions itself as an end-to-end system that combines global background screening with credential verification and workplace reporting tools, aiming to replace fragmented, manual processes with a single workflow for employers and candidates.
What Veremark offers
Founded in 2018, Veremark connects several services that are often handled through separate vendors:
- Background screening for new hires, including checks that can be deployed across multiple jurisdictions.
- Rescreening for existing employees to support ongoing compliance and risk management.
- Credential verification to confirm qualifications and other claims made during hiring.
- A candidate-controlled “career passport” product called Verepass, which allows individuals to manage and share verified credentials.
- Workplace integrity features, including an anonymous Whistleblowing and Speak Up platform and reporting functionality.
The company says these capabilities are meant to help employers “evidence and manage” trust in practice, particularly as hiring becomes more global and digitally mediated.
Growth, acquisition, and a wider geographic footprint
Veremark said it grew its revenue run rate by 300% in 2025, a performance that helped set the stage for a larger growth round. The company has also expanded through acquisition, recently buying Agenda Screening Services, a specialist background screening firm providing criminal checks, instant employment checks, global sanctions, and credit and bankruptcy checks in more than 180 countries.
Today, Veremark employs more than 200 people and operates seven offices worldwide, including locations in the UAE, New Zealand and the Philippines. It reports working with more than 6,000 clients globally, including OVO Energy and Schneider Electric.
Investor thesis: trust and verification in an AI era
Investors backing the round framed the opportunity around the growing complexity of verifying people and credentials at scale—an issue amplified by AI-generated content and synthetic identities.
Joe Krancki, Investment Director at Gresham House Ventures, said the firm views Veremark as a “category-defining platform” at the intersection of global hiring, regulation and trust. He added that AI is “increasing the complexity and risk of verifying people at scale,” making modernized screening infrastructure more critical for global organizations.
Tim Mills, Managing Partner at ACF Investors, echoed that view, arguing that the spread of AI is increasing identity verification risks and that Veremark offers a more seamless, candidate-first approach than traditional, manual checks.
How the round fits into Europe’s HR tech funding cycle
The Series B arrives as European HR technology investment has concentrated on AI-enabled workforce infrastructure. Recent rounds in adjacent categories have included Copenhagen-based Kiku, which raised €4 million at seed to build AI tools for high-volume frontline recruitment, and Madrid-based Orbio, which secured roughly €6.4 million to expand an AI-native human capital management system.
While those companies focus on recruitment efficiency and workforce management, Veremark is targeting the compliance and trust layer of the HR stack—screening, rescreening, credential verification and post-hire integrity reporting. The scale of Veremark’s €22 million Series B stands out as a larger growth-stage bet in that broader ecosystem.
A €101 billion market claim—and the push toward continuous compliance
Veremark estimates the forward-looking market for stronger workplace trust initiatives at €101 billion per year, as organizations face pressure to hire safely, protect culture and maintain compliance across borders.
Callaghan said the company’s aim is to scale globally while continuing to invest in client experience, reflecting an industry shift in which employers increasingly want trust systems that extend beyond onboarding and into day-to-day employment.
With new funding in place, Veremark is expected to expand product development in AI-driven screening and integrity tooling, while using the capital to deepen international coverage and operational scale.
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