KarmaCheck, a background-checking startup led by LinkedIn co-founder Eric Ly, has raised $45 million in a funding round led by Parameter Ventures. The San...
- KarmaCheck, a background-checking startup led by LinkedIn co-founder Eric Ly , has raised $45 million in a funding round led by Parameter Ventures .
The demand for services like criminal background checks and education verification, integral to the hiring processes of most companies, has surged after the pandemic made remote working popular.KarmaCheck's clients include Domino's Pizza, McDonald's and various players in the healthcare and gig economy industries among its customers.NextView Ventures, PruVen Capital and Velvet Sea Ventures also participated in the company's latest funding round.
Its competitors include Checkr, First Advantage and Sterling Check. First Advantage agreed to buy Sterling in a $2.2 billion deal in February."Background checks and credentialing has been one of the most lengthy and frustrating parts of the hiring process," Ly said.A $100 Billion Bet on China’s Economy Sours as Warehouses Empty
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Linkedin Eric Ly Parameter Ventures Sea Ventures San Francisco-Based Company
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