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§ Private Profile · San Francisco, CA, USA
Provides modern AI-powered background checks, screenings, and verifications for employers in staffing, healthcare, and QSR, streamlining hiring.
KarmaCheck provides modern background checks, screenings, verifications, drug testing, and occupational health services, leveraging AI and automation to streamline processes for employers. The company's SaaS platform integrates with ATS/HRIS systems via APIs, designed to accelerate hiring workflows and reduce friction for candidates by establishing a trust layer with verified identities. KarmaCheck has processed millions of screenings for clients across the staffing, healthcare, and quick-service restaurant sectors, serving recognizable names such as McDonald's, Domino's Pizza, MedPro Healthcare Staffing, and PRN Healthcare. The firm recently secured $45 million in funding in June 2024, with capital earmarked for accelerating platform development and expanding into new sectors. Co-founded by Eric Ly, also a co-founder of LinkedIn, KarmaCheck was established in 2019. Its business model centers on saaS platform with APIs and integrations for background screening services, generating revenue through employer subscriptions or per-screening fees.
KarmaCheck has raised $66.0M across 4 funding rounds.
KarmaCheck has raised $66.0M in total across 4 funding rounds.
KarmaCheck is a San Francisco–based technology company that modernizes background checks, credentialing, and compliance with an API-first, AI-enabled B2B SaaS platform focused especially on staffing and healthcare customers[3][5].[3]
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If you want, I can produce a one‑page investor-style memo with key metrics, competitors, and suggested diligence questions tailored to an LP or corporate buyer.
KarmaCheck has raised $66.0M in total across 4 funding rounds.
KarmaCheck's investors include Parameter Ventures, Alumni Ventures, Stuart Peterson, Better Tomorrow Ventures, Deciens Capital, FPV Fund, Gradient Ventures, Jetstream, Lazerow Ventures, Vine Ventures LP, James Loftus, Louis Beryl.
KarmaCheck has raised $66.0M across 4 funding rounds. Most recently, it raised $45.0M Series B in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $45M Series B | Parameter Ventures | Alumni Ventures, Stuart Peterson, Better Tomorrow Ventures, Deciens Capital, FPV Fund, Gradient Ventures, Jetstream, Lazerow Ventures, Vine Ventures LP, James Loftus, Louis Beryl, Marc Benioff | Announced |
| Apr 1, 2022 | $15M Series A | Velvet SEA Ventures | Deciens Capital, Gradient Ventures, Vine Ventures LP, James Loftus | Announced |
| Jul 1, 2020 | $4M Seed | — | Byld Ventures | Announced |
| Apr 1, 2020 | $2M Seed | — | AAF Management Ltd., Accomplice VC, Alumni Ventures | Announced |