Cerchen Funding: How Much Did They Raise & Key Investors

How Much Did Cerchen Raise?
Funding & Key Investors

Cerchen, a provider of pre-employment background screening services, has secured $11K in total investment, with a recent capital infusion of $11K designated for moderate growth. This funding round, contextualized within a Series A/B growth stage, signals a strategic move to expand its market presence and enhance its service offerings in the competitive hiring solutions sector.

The company's financial trajectory, marked by its latest funding event on February 18, 2021, underscores its commitment to scaling operations and solidifying its position as a trusted partner for organizations requiring reliable background verification.

What is Cerchen?

Cerchen

Business Services

Security Information and Event Management (SIEM)

Human Resources Management Systems (HRMS)

Cerchen specializes in comprehensive pre-employment background screening, catering to diverse industries such as manufacturing, healthcare, and hospitality. Established in 1997, the company leverages licensed private investigators to conduct in-depth background checks, including criminal record verification, employment history validation, and motor vehicle record reviews. All services are conveniently accessible via a secure online platform, emphasizing Cerchen's dedication to quality, efficiency, and superior customer support. This focus on informed hiring decisions makes Cerchen a valuable asset for employers.

How much funding has Cerchen raised?

Cerchen has raised a total of $11K across 1 funding round:

2021

Debt

$11K

Debt (2021): $11K with participation from PPP

What's next for Cerchen?

With the recent capital injection, Cerchen is poised for significant expansion, likely focusing on enhancing its technological infrastructure and broadening its service portfolio. The Series A/B growth stage context suggests strategic initiatives aimed at capturing a larger market share and potentially exploring new verticals within the HR technology landscape. Future developments may include advancements in AI-driven screening processes and deeper integration with existing HR platforms, further solidifying Cerchen's role in streamlining the hiring process for businesses nationwide.

See full Cerchen company page

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