Veremark lands £19m Series B to provide continuous global background screening
This article covers Veremark, an HRtech startup, raising £19m in a series B funding round led by Gresham House Ventures. The funding and a multi-million-dollar debt facility will support development of its global background screening and workplace trust tools, including AI features and international expansion to help employers manage verification and compliance risks.
Veremark has raised £19 million in a series B funding round led by Gresham House Ventures to expand its global background screening and workplace trust tools. The cash, plus a multi-million dollar debt facility, will fund new product development, AI features and international growth at a time when employers face rising verification risks from a more fluid workforce and AI-generated misinformation.
Why it matters
Employers are under growing pressure to verify candidate information, maintain compliance and protect workplace culture as hiring becomes more global and AI makes forged or misleading credentials easier to produce. Veremark’s service aims to make background checks continuous rather than a one-off step during hiring, addressing conduct risk across the employee lifecycle. The company estimates the addressable market for stronger workplace trust initiatives at $120 billion per year.
Veremark’s client base now exceeds 6,000 organisations, including large enterprise customers such as OVO Energy and Schneider Electric, which illustrate demand from regulated and high-risk sectors that need consistent, auditable screening at scale. The business employs more than 200 people across seven offices worldwide and last year grew its revenue run rate by 300 percent.
Inside the product
Veremark offers instant global background screening that covers criminal records, employment verification, global sanctions, credit and bankruptcy checks across more than 180 countries. The company recently acquired Agenda Screening Services, a specialist background screening firm, broadening its capability to supply a fuller range of checks and local compliance expertise in markets where rules differ.
Beyond pre-hire screening, Veremark has added tools intended to monitor integrity during employment, including an anonymous Whistleblowing and Speak Up platform and reporting functionality. It also runs Verepass, a blockchain-based candidate career passport designed to let individuals control verified credentials and reduce the need for repetitive checks.
These features are pitched at employers seeking auditability and continuous oversight rather than intermittent verification, with potential cost and time savings when checks can be reused and traced.
Who are the investors?
The round was led by Gresham House Ventures with participation from existing backers Samaipata, ACF Investors and Stage 2 Capital. The deal also includes a multi-million dollar debt facility from Salica Partners.
In the announcement, Joe Krancki, Investment Director at Gresham House Ventures, said:
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.
In the announcement, Tim Mills, Managing Partner at ACF Investors, said:
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.
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Founder perspective
In the announcement, Daniel Callaghan, CEO and Co-Founder at Veremark, said:
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. 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.
Callaghan frames the business as providing continuous oversight over employee conduct rather than a single pre-hire check. The company is positioning its product set to serve organisations that need traceable evidence of checks and a way to surface concerns early.
The bigger picture
This deal sits at the intersection of HRtech and compliance tech, reflecting investor appetite for solutions that reduce people risk as hiring becomes more international and AI complicates identity verification. The acquisition of a specialist screening firm signals consolidation in a fragmented market where local checks and regulation matter.
For HR leaders and risk teams, the trend is toward vendor consolidation and platforms that combine screening, credentialing and incident reporting. The funding round also shows continued investor interest in UK-founded HRtech companies that can scale internationally.
Veremark’s raise reinforces broader momentum in the European HRtech scene for tools that address trust, verification and workforce integrity as employers adopt more distributed hiring practices and regulators tighten oversight.
They've invested in Veremark
Get to know these hrtech investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Gresham House Ventures | 8 investments investments | 21 contacts contacts | |||
 Samaipata | 3 investments investments | 5 contacts contacts | |||
 ACFInvestors (ACF Investors) | 11 investments investments | 3 contacts contacts | |||
 Stage 2 Capital | 5 investments investments | 1 contact contact | |||
 Salica Partners | 1 investment investment | more info |
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