# Truework

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.truework.com
- Total disclosed funding: $93M
- Latest round: Series C (Aug 9, 2022)
- Investors on record: 13

## About

Truework is a US-based company specializing in automated income and employment verification solutions. Its platform integrates various verification methods to enhance data accuracy and streamline workflows for businesses.Truework, founded in 2017 in San Francisco, US, provides automated income and employment verification services. The company was co-founded by Ethan Winchell, Ryan Sandler, and Victor Kabdebon. As of April 2025, Truework secured USD 24.00 mn in its Series C funding round led by TransUnion LLC, raising a total of USD 24.00 mn and achieving a current valuation of USD 450.94 mn. The company has completed 7 deals since inception, with the latest funding round marking a notable development for its operational growth.Truework offers a fully automated income and employment verification platform that connects various verification methods into a single cohesive solution. Utilizing machine learning, it effectively routes verification requests, ensuring data accuracy and efficient report completion. Targeting sectors such as mortgage lending and tenant screening, Truework facilitates seamless verification workflows, allowing organizations to mitigate income fraud and expedite approval processes. It serves a diverse customer base including financial institutions and property management companies primarily within the United States, adapting to specific user cases to enhance operational efficiency and reduce verification costs.Truework generates revenue through a subscription-based model, where clients pay for access to its tailored verification services. Its business transactions are primarily B2B, with financial institutions and property managers subscribing to the platform for automated verification processes. The pricing accommodates organizations of various sizes, reflecting the volume and complexity of verification needs. Key services include comprehensive income verification solutions, which streamline applicant income verification directly from payroll providers, contributing to a steady revenue stream driven by demand for efficient verification solutions.Truework's strategy for future growth includes expanding into new markets and enhancing its product offerings. The acquisition by Checkr, Inc. on April 17, 2025, allows Truework to enter the employment verification market, further broadening its service capabilities. The recent funding will support these initiatives, focusing on developing new products and strengthening market presence.

## Funding rounds

- Series C, Aug 9, 2022, $48M — Hong Shan, Khosla Ventures, Four Rivers Group, Indeed, Inc., G Squared, Activant Capital, Human Capital
- Series B, Dec 15, 2020 — American Express Ventures
- Series B, May 20, 2020, $30M — Hong Shan, Khosla Ventures, Activant Capital, World Innovation Lab, 9Yards Capital, Next Play Ventures
- Series A, Jul 30, 2019, $12M — Menlo Ventures, Hong Shan, Khosla Ventures, Founder Collective
- Seed, Apr 11, 2018, $2.9M — Menlo Ventures, Khosla Ventures, Founder Collective

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Seed, Series A
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A, Series B, Series C
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Hong Shan — Series A, Series B, Series C
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series B, Series C
- World Innovation Lab — Series B
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series B
- Next Play Ventures (https://capitalatlas.ai/funds/next-play-ventures) — Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B
- Four Rivers Group (https://capitalatlas.ai/funds/four-rivers-group) — Series C
- Indeed, Inc. — Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Series C