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Victoria-based Certn Closes $6.1 Million Seed Financing Round
Tuesday, March 17, 2020Company Profile | Follow Company
After growing over 700% in 2019, Certn raises $6.1 Million CAD in Funding to continue global expansion
Led by Tribe Capital with additional funding from Moxxie Ventures and Preface Ventures
Victoria, BC, March 17, 2020--(T-Net)--Certn, an early-stage company that provides near real-time global background checks, has announced the closing of $6.1 millioin ($4.5 million USD) in seed round funding.
Certn, who was recently named, the Best Pre-Employment Background Check Company, uses Artificial Intelligence (AI) and machine learning to perform global background checks in minutes, not days.
With the addition of AI, Certn has enhanced the ID verification process which has drastically improved the speed in which background checks are performed while also expanding the overall accuracy and compliance of the data provided.
The round was led by Tribe Capital, an early-stage fund led by Arjun Sethi, Jonathan Hsu, Ted Maidenberg, Jake Ellowitz, Alex Chee and Brendan Moore. Arjun will join the board along with Silicon Valley Talent leader Steve Cadigan who has served on the Certn board for the last year.
Other investors in the round include Moxxie Ventures, an early-stage firm founded by Katie Jacobs Stanton, Farooq Abbasi of Preface Ventures, and Ryan Hoover and Vedika Jain of Weekend Fund. Notable angels include Elizabeth Bailey Weil, Moshe Lifschitz, Ramsey Chapin, Varadh Jain and Heston Berkman.
Arjun Sethi, a General Partner at Tribe Capital explains, "We're excited to lead the seed round for Certn. We have been impressed by what the team accomplished so far in a short period of time and in such a capital-efficient way. We're excited to join the board with industry legends like Steve Cadigan, and we look forward to supporting the team's vision to make the background check process painless. Certn is another example of our focus on investing in leading companies using data to solve complex problems."
Co-founders, Andrew McLeod, Evan Dalton and Owen Madrick, started Certn to address two key problems: the speed and accuracy in which data about people can be obtained and the lack of companies working on a viable cross border solution.
When asked about the round McLeod said, "We're thrilled to have the support of such strong operators and investors to help support Certn's global growth. The funding will be used to expand Certn into key geographies and to continue to bring on the world's best employers."
Evan Dalton says, "Today's background checks simply don't work, and we know why. They lack the fundamentals of ID verification, access to compressive data and an efficient global view of risk-relevant data., We are developing the technology to access criminal records, verify education and employment faster and do so in a way that's more affordable than ever before."
"We're really excited about the future of Certn," Madrick says. "With the rise of the contract worker, we are experiencing one of the most significant and important shifts in how people work. We are fortunate to be in a position to help companies of all sizes hire faster and with more confidence."
For more information, visit www.certn.co.
About Certn
Certn is a people data platform that helps businesses perform comprehensive background checks and ongoing risk monitoring on employees and contractors around the world faster than ever before. Used by leading employers, staffing firms and the gig economy, Certn returns domestic and international criminal background checks, credit reports, reference checks, education verification, employment verification, motor vehicle records, identity verification and more in minutes.
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