London-based Veremark secures €22 million to expand AI-driven background screening tools

Veremark, a British workplace trust company, has raised €22 million ($26 million) in Series B funding to drive further investment in new products, AI, and continuing to expand the company’s global scale.

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

This comes after 2024’s €2.8 million fundraise, as reported by EU-Startups.

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 EU-Startups funding landscape for HR technology and adjacent hiring platforms, investment activity has concentrated on AI-enabled workforce infrastructure.

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

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

While Kiku and Orbio focus on recruitment efficiency and workforce management, Veremark’s funding is directed towards scaling global background screening and workplace trust infrastructure, indicating investor appetite across complementary layers of the HR technology stack rather than a single dominant 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 connects background screening, whistleblowing, and credential verification into one system.

While performing background checks on new candidates for companies across the globe, Veremark also helps businesses rescreen existing employees. The business also has a career passport – Verepass – that allows candidates to own, manage and share their verified credentials.

Today’s investment follows a period of sustained growth for Veremark, which grew its revenue run rate by 300% in 2025 and recently acquired Agenda Screening Services, a specialist background screening firm, offering criminal checks, instant employment checks, global sanctions, credit and bankruptcy checks in over 180 countries.

Employers who use Veremark can implement global background screening at scale during the hiring process 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 an increasingly dynamic global workforce, shorter tenures, and the growing use of AI to present false data or profiles and capabilities, the company believes that hiring managers are finding it harder than ever to verify candidate information and confirm identity. Veremark estimates that the forward looking market for companies to adopt stronger workplace trust initiatives is €101 billion ($120 billion) per year, as organisations face growing pressure to hire safely, protect culture and maintain compliance.

Alongside pre-hire screening, Veremark has recently launched tools that support workplace integrity throughout employment, including a fully anonymous Whistleblowing and Speak Up platform and reporting functionality.

The company now employs more than 200 people, has seven offices worldwide, including the UAE, New Zealand and the Philippines and works with more than 6,000 clients globally. Veremark’s clients include worldwide industry players, e.g., 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.”

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