Gresham House Ventures is pleased to announce that it has led a $26 million Series B round in Veremark, the global workplace trust company. The round also saw participation from existing investors Samaipata, ACF Investors and Stage 2 Capital, alongside a multi-million-dollar debt facility from Salica Partners. The funding will be used to drive further investment in new products, AI, and continuing to expand the company’s global scale.
Employers who use Veremark can instantly implement global background screening at scale during the hiring process or on an ongoing basis anywhere in the world. They benefit from a compliant and derisked hiring process whilst protecting their organisation’s culture. With an increasingly dynamic global workforce, shorter tenures, and the growing use of AI to present false data or profiles and capabilities, 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 $120bn per year, as organisations face growing pressure to hire safely, protect culture and maintain compliance.
This latest 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 every type of check available, including criminal checks, instant employment checks, global sanctions, credit and bankruptcy checks in over 180 countries.
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 is also a leading pioneer in the digital credentials space for the workplace, having developed its own blockchain-based candidate career passport, Verepass, which empowers candidates to own and manage their verified credentials. This reduces the need for repetitive checks, saving companies time and money.
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 major industry players, e.g., OVO Energy and Schneider Electric.
Joe Krancki and James Hendry, Investment Directors 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.”
Tim Mills, Managing Partner at ACF Investors, said: “As AI increases the complexity and risk around identity verification, Veremark is modernising background screening with a seamless, candidate-first platform built for global hiring. We’ve followed the company closely as an investor and are excited to deepen our commitment in this round, reflecting our conviction in a business that combines best-in-class customer satisfaction with deep, purpose-built technology and highly efficient operations as it continues to scale.”
Daniel Callaghan, CEO and Co-Founder of 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.”
The investment in Veremark further builds on Gresham House Ventures’ track record in RegTech, following previous investments into event accreditation platform Accredit Solutions and digital content preservation business Preservica. It also continues a highly active period of investment, including new funding for specialist law firm Greenwoods Legal Services and a follow-on investment into financial automation platform ARKK, reflecting Gresham House Ventures’ focus on backing software businesses operating in complex, regulated environments.
Gresham House Ventures was advised by Wilson Partners on financial and commercial due diligence, Coppett Hill on commercial and go-to-market diligence, Equator on technology and cybersecurity due diligence, and Shoosmiths on legal due diligence and transaction documentation. The diligence work also informed the development of Veremark’s value creation and growth strategy following the investment.
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