Yardstik raises $12Mn to expand secure recruitment solutions

MINNESOTA, UNITED STATES — Minneapolis-based startup Yardstik has raised $12 million in a new round of funding led by MissionOG to expand its trust and safety platform for high-volume hiring businesses. 

The company saw over 300% growth in its customer base in 2022 as demand increased for its tools to safely hire, verify, and onboard workers remotely. 

Yardstik’s platform aims to help companies conduct screening, verification, and monitoring in a faster, more affordable way.

Earlier this year, Yardstik launched its Trust & Safety Platform to address the challenges businesses face in high-volume hiring with distributed workforces. 

The new funding will allow Yardstik to accelerate the development of additional products and services on the platform.

“Trust & Safety is a growing problem for every business, but especially for those navigating the new world of remote work, 1099 contractors, and the gig economy,” said Yardstik CEO Matt Meents. 

“The team at MissionOG has deep operational experience and knows exactly what a company at our stage of growth needs. We’re looking forward to working with them to bring our platform to more people,” he added.

The company plans to expand its team across engineering, sales, marketing, legal, and technology roles. 

Yardstik’s platform delivers screening, verification, onboarding, and monitoring tools to reduce fraud and risk for hiring marketplaces, software platforms, and high-volume hiring companies. As the nature of work evolves, Yardstik aims to remove trust and safety barriers to hiring at scale.

Yardstik has raised $24 million in funding across three rounds, as recorded by Crunchbase.