London-based workplace trust company Veremark has successfully secured $26 million in a Series B funding round to scale its global operations. The investment, led by Gresham House Ventures, will fuel the enhancement of its platform for background screening, credential verification, and integrity management. This capital injection is aimed at helping employers navigate the growing complexities and risks associated with hiring in a dynamic, digitally-driven job market.
Navigating a Complex Global Talent Market
Modern employers face unprecedented challenges, from the rise of AI-generated candidate fraud to the compliance intricacies of managing a distributed workforce. These issues, combined with shorter employee tenures, contribute to what Veremark identifies as a significant annual "trust gap." This evolving landscape renders traditional, one-time verification methods increasingly insufficient for mitigating hiring risks and ensuring consistent standards across jurisdictions.
An Integrated Platform for End-to-End Trust
In response, Veremark provides an integrated platform that extends beyond conventional pre-employment screening to manage workplace integrity continuously. The service combines global background checks in over 180 countries with ongoing rescreening and risk monitoring capabilities. This holistic approach helps organizations maintain high standards of compliance and ethics throughout the entire employee lifecycle, from recruitment to offboarding.
A key innovation is Verepass, a blockchain-powered digital career passport that empowers individuals to own and share their verified credentials securely. This system streamlines verification for employers and reduces repetitive checks, while an anonymous whistleblowing tool offers a safe channel for reporting concerns. Together, these features create a multi-layered defense for protecting workplace standards and surfacing potential issues early.
Differentiating in the Trust Economy
Veremark distinguishes itself from competitors by offering a full-lifecycle solution that integrates screening, monitoring, and culture-building tools. While traditional providers often focus solely on pre-hire checks, Veremark’s platform is designed for what its CEO calls an "always-on" approach to risk management. This comprehensive model provides companies with a more robust framework for evidencing and managing trust in practice.
Fueling Growth and Global Expansion
The $26 million funding round saw participation from existing investors Samaipata, ACF Investors, and Stage 2 Capital, alongside the lead investor. The financing also includes a significant debt facility from Salica Partners, underscoring strong investor confidence in the company's vision. This investment follows a period of substantial growth for Veremark, which reported a 300% revenue increase in 2025.
Veremark plans to allocate the new capital toward advancing its product development, particularly its AI-powered verification technologies to combat sophisticated fraud. The funds will also support the company's continued global expansion, building on its presence of over 200 employees across seven offices. This strategy is further bolstered by its recent acquisition of Agenda Screening Services, which significantly expanded its service capabilities.
With this new funding, Veremark is poised to solidify its position as a leader in the evolving workplace trust sector. The company's holistic platform directly addresses the critical need for continuous and verifiable risk management in modern business operations. This investment will enable Veremark to further its mission of helping organizations worldwide build and maintain verifiably trustworthy teams with confidence.