Certn secures $43M in multiple funding rounds
Certn aims to provide a solution to background checks
February 1, 2021 By SP&T Staff
Certn announced that it has secured a CAD $9.5 million Series A+ funding round. Adding this round to previous funding, Certn has secured a total of CAD $43 million in seed, Series A and Series A+ funding throughout 2020.
As companies and employees shift to remote hiring and work due to the global COVID-19 pandemic, the need for a trusted and intuitive background screening solution continues to grow. In assisting the growth of the global trust economy, Certn’s machine learning technology allows for a screening process that connects individuals to organizations.
“The move to remote work is accelerating global connections and as the leader in human risk intelligence solutions, our services allow organizations and individuals to not only connect, but also gain trust in one another,” said Certn CEO and co-founder, Andrew McLeod, in a prepared statement. “With the help of this funding, we can continue to invest in growing our products beyond North America and facilitate trusted connection on a global scale.”
The initial seed round in February 2020 was led by Tribe Capital, and included Preface Ventures, Moxxie Ventures, Weekend Fund, Scribble Ventures, and Basement Ventures, for a total of CAD $6.1 million. Following closely behind in November 2020, Certn secured CAD $27.8 million through the Series A round, led by Inovia Capital, 01 Advisors and included additional funding from Preface Ventures, Scribble Ventures, Moxxie Ventures, Basement Fund, Weekend Fund, Owl Capital, and Panache Ventures. The Series A+ round in December 2020 secured an additional CAD $9.5 million and was led by Telstra Ventures and B Capital Group, with funding also provided by Cyber Mentor Fund.
“Certn is incredibly grateful for the support and funding provided by our capital partners,” shares McLeod. “As Certn continues to expand in geographic reach and hire innovative personnel, faster cross-border background screening will allow the gig and contract economy to flourish on a faster time frame.”
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