Yardstik is a technology company.
Yardstik has raised $24.0M across 3 funding rounds.
Yardstik has raised $24.0M in total across 3 funding rounds.
Yardstik has raised $24.0M in total across 3 funding rounds.
Yardstik's investors include Baird Capital, Closed Loop Partners, Crosslink Capital, Dimension Capital, Emergence Capital, FirstHand Alliance, Grotech Ventures, Hummingbird Ventures, Matchstick Ventures, MissionOG, Rally Ventures, Stellar Capital.
Yardstik is a technology company building a comprehensive "Trust and Safety" platform for background screening, fraud prevention, and compliance solutions, designed to streamline candidate evaluation for high-volume hiring.[1][2][3] It serves gig marketplaces, staffing, transportation, healthcare, sports, entertainment, and hospitality sectors, with customers including Bellhop, Capsule, YMCA, Jyve, and Tend, solving the problem of fragmented, costly, and slow legacy screening processes through sequential screening that reduces unnecessary checks, cuts costs by over 20-30%, and delivers 97% of reports in under an hour.[1][2][3][5] The platform's growth momentum includes a 300% customer base expansion in the prior year, rapid API integrations (often in one week), and investments from firms like MissionOG and Rally Ventures, positioning it as a white-label solution for platforms embedding human security.[2][4][5]
Yardstik was established in 2020 to address the inefficiencies in worker verification amid rapid business scaling and the gig economy's rise, rectifying fragmented processes with a unified platform aggregating data for identity, background, employment verification, and more.[2][3] While specific founders are not detailed in available sources, the company emerged from recognizing gaps in legacy screening—tedious for employers and candidates alike—and pivoted to an API-first, sequential screening model tailored for modern HR demands.[1][2][4] Early traction came from quick implementations (e.g., one week for Jyve), cost savings demonstrated in client switches, and expansions into high-volume sectors, fueled by investor backing that validated its disruptive potential.[2][3][5]
Yardstik rides the gig economy and platform scaling trends, where businesses in marketplaces, healthcare, and vertical SaaS (e.g., hospitals, schools) demand fast, compliant vetting for trust and safety amid rising fraud risks.[2][4] Timing aligns with post-2020 hiring surges and vertical software's dominance—mirroring successes like SportsEngine—enabling platforms to integrate screening natively rather than bolt-ons, reducing fragmentation.[4] Market forces like cost pressures, regulatory compliance, and candidate experience needs favor its efficiencies, influencing the ecosystem by modernizing a decades-old industry stuck in slow, expensive processes and empowering thousands of software platforms to prioritize safety.[1][3][8]
Yardstik is poised to dominate human security for platforms, expanding its suite with AI-driven monitoring, deeper ATS partnerships, and entries into government/volunteer sectors amid gig work's growth.[2][4] Trends like real-time fraud detection and continuous verification will shape its path, potentially amplifying influence as vertical SaaS embeds trust tools standardly, evolving from disruptor to industry operating system.[4][6] This builds on its core promise: measurably better screening that accelerates safe hiring, tying back to a platform making candidate evaluation faster, cheaper, and smarter for a dynamic workforce.[1][3]
Yardstik has raised $24.0M across 3 funding rounds. Most recently, it raised $12.0M Series A in October 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2023 | $12.0M Series A | Baird Capital, Closed Loop Partners, Crosslink Capital, Dimension Capital, Emergence Capital, FirstHand Alliance, Grotech Ventures, Hummingbird Ventures, Matchstick Ventures, MissionOG, Rally Ventures, Stellar Capital, Balaji Srinivasan, Daren Cotter | |
| Feb 1, 2022 | $8.0M Series A | American Family Ventures, Baird Capital, Crosslink Capital, Dimension Capital, Emergence Capital, FirstHand Alliance, gener8tor, Grotech Ventures, Hummingbird Ventures, Matchstick Ventures, Rally Ventures, Stellar Capital, Balaji Srinivasan, Daren Cotter, Michael Taus | |
| Apr 1, 2020 | $4.0M Seed | Crosslink Capital, Dimension Capital, Emergence Capital, Hummingbird Ventures, Rally Ventures, Stellar Capital, Daren Cotter |