KarmaCheck, a business specializing in background checks, has successfully raised $45 million in a funding round. The funding was led by Parameter Ventures and the company is headed by Eric Ly, one of the co-founder of LinkedIn.
The cash will be utilized to speed up the advancement of its technologies and expand its presence in new industry sectors.
KarmaCheck is one of several companies aiming to utilize technology in order to simplify intricate, laborious, or repetitive HR activities.
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KarmaCheck serves companies such as Domino’s Pizza, McDonald’s, and different entities in the healthcare and gig economy sectors.
KarmaCheck asserts that it can provide outcomes at a rate that is almost double the speed of conventional approaches for conducting such evaluations.
KarmaCheck has had significant growth, with its workforce expanding to more than 100 individuals. Additionally, the company’s revenue has multiplied seven times in 2023.
About KarmaCheck
Founded in 2019 by Eric Ly, KarmaCheck has reimagined background checks with a tech-first, AI-driven approach that provides the fastest background check for employment needs.
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