Announcing our $30M Series B to accelerate the future of consent-based identity
We are excited to announce our $30M Series B fundraise to accelerate our mission of giving consumers control over their personal and professional data. Activant Capital led the round with participation from returning investors Sequoia Capital and Khosla Ventures. The round also included new investors World Innovation Lab and individuals such as Jeff Weiner (LinkedIn), Tom Gonser (Docusign), William Hockey (Plaid), and Daniel Yanisse (Checkr). Steve Sarracino, partner at Activant Capital, will join Alfred Lin and Keith Rabois on Truework’s board of directors.
Three years ago, we set out to build a consent-based identity platform that puts consumers in control of their personal data. We began building tools to digitize the verification process for HR departments, as well as for “verifiers” such as banks and landlords, making it faster and more secure for employees to get approved when applying for a loan, job, or apartment rental.
Most importantly, we have kept consumer privacy at the forefront of our efforts by ensuring all verifications require explicit consent from the user. This principle goes back to our fundamental mission of giving consumers control over their personal data. With this emphasis on privacy and security, Truework maintains best-in-class security certifications, including ISO27001, SOC2 Type 1 & 2.
Here’s how the funding will help us:
It has been a busy three years since our founding. We have built a network of over 40,000 lenders, background check companies, and other verifiers who complete thousands of employment and income verifications every day, with industry-leading turnaround times.
Our employer network includes nearly 100 enterprise companies and more than 20,000 small businesses across all industries, from healthcare to technology, including The College Board, The Real Real, Oscar Health, The Motley Fool, and Tuft & Needle.
We have re-engineered verifications on the principals of consent, security and ease. Our custom letter templates provide employees and employers the flexibility to quickly respond to verification needs or, in the case of employees, self-service accessibility for even faster verifications. For verifiers, our API allows integrations of Truework services directly into a company's applications and workflows - either on a one-off basis or for bulk uploads that save time and money for high-volume verifiers.
Now having raised $45 million to date, we are continuing to grow and build out our presence in San Francisco and Salt Lake City. We are a team of 50 strong, passionate about privacy, security and fixing the broken system of identity.
We are always looking for talented people to join us! Check out truework.com/careers for our open roles.