About KarmaCheck
KarmaCheck is a company based in San Francisco (United States) founded in 2019 by Mark Lieberwitz and Eric Ly.. KarmaCheck has raised $60 million across 2 funding rounds from investors including Parameter Ventures, Pruven and Velvet Sea Ventures. The company has 16 employees as of December 31, 2021. KarmaCheck offers products and services including Background Checks and Fraud Detection.
- Headquarter San Francisco, United States
- Employees 16 as on 31 Dec, 2021
- Founders Mark Lieberwitz, Eric Ly
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Karmacheck, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$60 M (USD)
in 2 rounds
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Latest Funding Round
$45 M (USD), Series B
Jun 27, 2024
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Investors
Parameter Ventures
& 7 more
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Employee Count
16
as on Dec 31, 2021
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Products & Services of KarmaCheck
KarmaCheck offers a comprehensive portfolio of products and services, including Background Checks and Fraud Detection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Background checks are conducted for staffing to verify candidate qualifications and reduce delays
Fraud detection is implemented through real-time verifications and screenings to ensure candidate integrity
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Funding Insights of KarmaCheck
KarmaCheck has successfully raised a total of $60M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $45.0M
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First Round
First Round
(07 Apr 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - KarmaCheck | Valuation | Parameter Ventures | |
| Apr, 2022 | Amount | Series A - KarmaCheck | Valuation | Velvet Sea Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in KarmaCheck
KarmaCheck has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Parameter Ventures, Pruven and Velvet Sea Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Pruven is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by KarmaCheck
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - KarmaCheck
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karmacheck Comparisons
Competitors of KarmaCheck
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about KarmaCheck
When was KarmaCheck founded?
KarmaCheck was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is KarmaCheck located?
KarmaCheck is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of KarmaCheck?
Eric Ly is the current CEO of KarmaCheck. They have also founded this company.
Is KarmaCheck a funded company?
KarmaCheck is a funded company, having raised a total of $60M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Apr 07, 2022.
How many employees does KarmaCheck have?
As of Dec 31, 2021, the latest employee count at KarmaCheck is 16.
What does KarmaCheck do?
Founded in 2019 and based in San Francisco, United States, KarmaCheck operates in the HR technology sector. A cloud-based applicant tracking system is provided for employee background checks. Various screening packages are available, encompassing education verifications, employment verifications, motor vehicle reports, reference checks, drug tests, and comprehensive criminal background checks. Candidate onboarding is enabled at any time or location, with accurate turnaround estimates supplied.
What products or services does KarmaCheck offer?
KarmaCheck offers Background Checks and Fraud Detection.
Who are KarmaCheck's investors?
KarmaCheck has 8 investors. Key investors include Parameter Ventures, Pruven, Velvet Sea Ventures, GC1 Holding, and NextView Ventures.
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