KarmaCheck, a leading technology-based solution for background checks, credentialing, and compliance, announced today that it has raised $45 million in a Series B funding round. The round was led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.
Founded in 2019, KarmaCheck has rapidly grown its platform, which provides staffing administrators with intuitive, automated dashboards and built-in application programming interface (API) integrations to applicant tracking systems. The platform also delivers a mobile-friendly interface and the ability to schedule clinic-based screenings for candidates.
Pete Hietpas, CEO of PRN Healthcare, praised KarmaCheck’s platform: “As a healthcare staffing firm, there are several factors we need to consider when choosing our background check vendor, including accuracy, speed, scope, cost, and candidate experience. KarmaCheck excels across all of these areas. Our administrators love the platform and the responsive support, candidates like the transparency and easy scheduling, and everyone appreciates the fast and accurate screenings. Switching to KarmaCheck has resulted in 85% faster background screenings and 12 hours per week saved for our team.”
Douglas Romanoff, Partner at Parameter Ventures, expressed his enthusiasm for the investment: “KarmaCheck stands out as a leader in a critical sector ripe for new approaches. Its innovative product, experienced management team, and commitment to customer success aligns closely with our investment philosophy. We couldn’t be more excited to support KarmaCheck as it brings its transformative solutions to professional background checks, enabling greater speed, simplicity, and transparency fit for the modern workforce.”