Veremark raises $26Mn Series B to combat AI hiring fraud
LONDON, ENGLAND — Global workplace trust platform Veremark has raised $26 million in a Series B funding round led by Gresham House Ventures, including a multi-million-dollar debt facility from Salica Partners.
The financing will accelerate the company’s investment in artificial intelligence (AI), product development, and international expansion as it addresses mounting corporate demand for secure hiring solutions amid rising AI-generated credential fraud.
“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,” said Joe Krancki and James Hendry, Investment Directors at Gresham House Ventures.
“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 [organization].”
Investing in AI-driven fraud defense
As hiring managers report that it is now impossible to verify candidate information due to AI tools that create false data and valid credentials, Veremark is allocating funds to AI-based countermeasures.
Tim Mills, Managing Partner at ACF Investors, said, “As AI increases the complexity and risk around identity verification, Veremark is [modernizing] background screening with a seamless, candidate-first platform built for global hiring.”
The company will take on the challenge of improving fraud detection while expediting the verification of legitimate applicants. This solution addresses what Veremark estimates is a $120 billion-a-year market opportunity in workplace trust programs, as organizations face increasing pressure to remain compliant while maintaining hiring speed.
In addition to defensive AI implementations, the investment will help Veremark expand post-hire integrity tools. Just recently, the company introduced an anonymous Whistleblowing and speak-up platform that extends its services beyond pre-employment screening to continued workplace governance.
Also, Veremark launched its blockchain-based career passport, Verepass, which empowers its candidates to possess and control their verified credentials.
This product saves time and money on unnecessary background checks for previously employed applicants and provides a competitive edge for Veremark over the current screening competition.
The Series B proceeds will accelerate development across these verticals, enabling the company to transition from a screening vendor to a comprehensive workplace trust ecosystem.
Global expansion following 300% growth
The funding round arrives on the heels of extraordinary operational momentum, positioning Veremark for aggressive geographic and commercial expansion.
The company grew its revenue run rate by 300% in 2025 and recently acquired Agenda Screening Services, a specialist firm capable of executing background checks across more than 180 countries.
The move increases the number of checks Veremark offers, including criminal records, instant employment checks, global sanctions screening, and credit and bankruptcy checks, furthering its value proposition to multinational enterprises.
The company has seven international offices in the United Kingdom, United Arab Emirates, Singapore, the United States, Australia, New Zealand, and the Philippines, and employs over 200 people.
Gresham House Ventures’ investor confidence, along with the ongoing support of Samaipata, ACF Investors, and Stage 2 Capital, indicates a proven track record since its 2020 launch in London. Veremark has over 6,000 global clients today, including OVO Energy and Schneider Electric.
This capital will enable deeper penetration into existing markets while establishing infrastructure for new regions, capitalizing on what investors describe as flexible growth capital for a business demonstrating verified product-market fit across continents.
As Daniel Callaghan, Chief Executive Officer (CEO) and Co-Founder of Veremark, notes, “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.”
