# KarmaCheck

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/karmacheck

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.karmacheck.com
- Total disclosed funding: $68M
- Latest round: Series B (Jun 27, 2024)
- Investors on record: 13

## About

Based in California, US, and founded in 2018 by its CEO Eric Ly and co-founders Anoop Kundra and Mark Lieberwitz, KarmaCheck, Inc. operates as an artificial intelligence-driven background check company specializing in providing the industry verifications for the workforce and enables businesses to reduce hiring risk and maintain compliance. In July 2020, KarmaCheck, Inc. generated USD 4 million in seed funding from AAF Management Ltd., GoldenArc Capital, Index ventures, Maschmeyer Group ventures, and NextView Ventures. 

KarmaCheck, Inc. offers screening packages that employers and independent business owners can incorporate into their hiring processes, and reduces the risk of hiring the wrong talent and potential claims from negligent hiring. Its solution is integrated with thousands of sources for background checks and hundreds of sources for industry-specific databases such as criminal background checks, occupational health screenings, credential verifications, ID verifications, education, and employment verification, continuous monitoring, hard-to-find verifications. In addition, it allows candidates to see the real-time progress of checks through a personalized dashboard and offers responsive customer support and service. The company's client base includes nexrep, instant teams, Lume, Avanti, Yoshi, Domino's Pizza, McDonald's, and Mosaic.

KarmaCheck, Inc. generates revenue through its software subscription packages, with the light check, standard check, and custom starting with USD 8.70.

## Funding rounds

- Series B, Jun 27, 2024, $45M — NextView Ventures, Parameter Ventures, GC1 Ventures, Velvet Sea Ventures, PruVen Capital
- Series A, Jan 28, 2022, $19M — NextView Ventures, Alumni Ventures Group, One Way Ventures, Parameter Ventures, Velvet Sea Ventures, Dash Fund, RKKVC
- Seed, Jul 8, 2020, $4M — Index Ventures, Golden Arc Capital, NextView Ventures, AAF Management, Maschmeyer Group Ventures

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- Golden Arc Capital — Seed
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A, Series B
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Seed
- Maschmeyer Group Ventures (https://capitalatlas.ai/funds/maschmeyer-group-ventures) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Series A
- Parameter Ventures (https://capitalatlas.ai/funds/parameter-ventures) — Series A, Series B
- Velvet Sea Ventures (https://capitalatlas.ai/funds/velvet-sea-ventures) — Series A, Series B
- Dash Fund (https://capitalatlas.ai/funds/dash-fund) — Series A
- RKKVC — Series A
- GC1 Ventures (https://capitalatlas.ai/funds/gc1-ventures) — Series B
- PruVen Capital (https://capitalatlas.ai/funds/pruven-capital) — Series B