What is Yardstik?
Yardstik operates the Human Trust Platform, a sophisticated technology designed to bolster human credibility by providing continuous screening and monitoring of workforces. Their suite of services encompasses fraud prevention, thorough candidate and worker screening, and precise credential verification. This enables businesses across various sectors, including transportation, healthcare, and hospitality, to onboard and manage their personnel with enhanced confidence. By integrating seamlessly with existing Applicant Tracking Systems (ATS) and Human Capital Management (HCM) ecosystems, Yardstik ensures a streamlined experience for both administrative users and candidates, solidifying its position as a vital solution for workforce integrity.
How much funding has Yardstik raised?
Yardstik has raised a total of $20M across 2 funding rounds:
Series A
$8M
Other Financing Round
$12M
Series A (2022): $8M with participation from Great North Ventures, Rally Ventures, Grotech Ventures, and Crosslink Capital
Other Financing Round (2023): $12M led by MissionOG, Rally Ventures, and Grotech Ventures
Key Investors in Yardstik
MissionOG
MissionOG is an investment firm focused on partnering with high-growth B2B companies that are driving the digitization of the economy. They specialize in thematic investments in sectors such as fintech, data, and software, providing $5 million to $10 million in funding with potential for follow-on capital.
Rally Ventures
Rally Ventures is focused on investing in early-stage business technology companies, particularly in sectors such as AI/ML, cybersecurity, fintech, and SaaS+. They leverage strategic resources and global expertise to enhance the growth and impact of high-potential firms within the B2B technology landscape.
Grotech Ventures
Grotech Ventures is an investment firm focused on partnering with innovative entrepreneurial talent in high potential technology companies outside of Silicon Valley. Their mission is to support young companies that aim to transform markets, create jobs, and foster sustainable growth.
What's next for Yardstik?
The recent major strategic investment positions Yardstik for accelerated expansion and further innovation within the human trust and workforce verification sector. This backing is expected to fuel advancements in their Human Trust Platform, potentially leading to expanded service offerings and deeper integration capabilities across enterprise HR technology stacks. The company's focus on fraud prevention and credential verification aligns with growing market needs for secure and trustworthy workforce management, suggesting a strategic push into new verticals or enhanced features for existing industries. Continued capital support will likely enable Yardstik to solidify its market leadership and pursue ambitious growth objectives.
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