London-Based Veremark Raises €22 Million Funding In Series B Round

The funding round was led by Gresham House Ventures with participation from existing investors Samaipata, ACF Investors, and Stage 2 Capital, and included a multi-million-dollar debt facility from Salica Partners.

This follows Veremark’s €2.8 million raise in 2024, as reported by EU-Startups marking continued investor confidence in the company’s growth trajectory.

Daniel Callaghan, CEO and co-founder of Veremark, says: “The world of work is facing a new set of challenges. The modern company is looking to ensure an ‘always on’ mindset to managing employee conduct risk. Veremark provides companies with enhanced confidence in who they are bringing into the business and enables multiple checkpoints to ensure their behaviours remain ethical and appropriate. We help companies reduce hiring risk, improve auditability and help protect workplace integrity beyond the point of hire.”

In the 2025–2026 European HR technology funding landscape, investment has focused on AI-powered workforce infrastructure.

Copenhagen-based Kiku raised €4 million at Seed stage to develop AI tools for high-volume frontline recruitment, while Madrid-based Orbio secured around €6.4 million to expand its AI-native human capital management system.

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Against this backdrop Veremark’s €22 million Series B stands out as a larger growth-stage round within the HR and compliance technology sector bringing total disclosed funding across these deals to roughly €32 million.

While Kiku and Orbio target recruitment efficiency and workforce management Veremark is scaling global background screening and workplace trust infrastructure highlighting investor interest across multiple layers of the HR technology stack rather than a single use case.

“Our goal is to make trust something employers can evidence and manage in practice, combining secure global screening with tools that help protect people, surface concerns earlier and strengthen workplace standards. This funding enables us to scale that globally, while continuing to invest in world class client experience as we grow,” adds Daniel.

Founded in 2018, Veremark integrates background screening, whistleblowing, and credential verification into a single platform.

The company performs background checks for new hires worldwide and supports rescreening of existing employees. Its career passport, Verepass, enables candidates to manage and share verified credentials securely.

Veremark has experienced rapid growth increasing its revenue run rate by 300% in 2025 and recently acquired Agenda Screening Services, expanding its global background screening capabilities across over 180 countries including criminal checks, instant employment verification, sanctions, credit and bankruptcy checks.

Employers can leverage Veremark to implement scalable, end-to-end background screening during hiring or on an ongoing basis.

Joe Krancki, Investment Director at Gresham House Ventures, says: “We’ve known the Veremark founders for many years and have seen them operate up close across different phases of growth and market conditions. What consistently stands out is the quality of the team – thoughtful, values-driven, and genuinely world-class. Veremark has built a category-defining platform at the intersection of global hiring, regulation and trust, at a time when AI is increasing the complexity and risk of verifying people at scale.

“We’re excited to partner with the team as they scale internationally and continue to set the standard for how workplace trust is managed in a modern, global organisation.”

With a dynamic global workforce, shorter employee tenures, and the increasing use of AI to fabricate candidate data or profiles, Veremark highlights the growing challenge for hiring managers to verify information and confirm identities. The company estimates the market for workplace trust solutions at €101 billion ($120 billion) annually, as organisations seek to hire safely, protect culture, and ensure compliance.

Beyond pre-hire screening, Veremark has introduced tools to support integrity throughout employment, including a fully anonymous Whistleblowing and Speak Up platform with reporting capabilities.

The company now employs over 200 people across seven global offices including the UAE, New Zealand, and the Philippines and serves more than 6,000 clients worldwide, including major brands like OVO Energy and Schneider Electric.

Tim Mills, Managing Partner at ACF Investors, adds: “With the spread of AI increasing risks around identity verification, Veremark’s technology replaces fragmented, manual background screening checks with a seamless, candidate-first approach, enabling businesses to make smarter hiring decisions.

“The company’s impressive and sustained growth is a testament to its best-in-class leadership team, paired with innovative technology that is helping to redefine pre-employment screening. We look forward to continue working with the team on its remarkable journey.”