What is Truework?
Truework provides a sophisticated software platform designed to automate the traditionally manual and time-consuming processes of employment and income verification. By digitizing these workflows, the company enables lenders, employers, and background check providers to access verified data with unprecedented speed and accuracy. Positioned at the intersection of fintech and enterprise software, Truework addresses a fundamental friction point in the hiring and lending sectors, effectively reducing administrative overhead while enhancing security and compliance for its clients. Its market position is reinforced by a robust network of data partners and a commitment to building a more transparent, efficient verification standard.
How much funding has Truework raised?
Truework has raised a total of $116M across 4 funding rounds:
Series A
$12M
Series B
$30M
Series C
$50M
Private Equity
$24M
Series A (2019): $12M with participation from Khosla Ventures, Founder Collective, Stanford University, Menlo Ventures, and Steamboat Ventures
Series B (2020): $30M led by Khosla Ventures, Activant Capital Group, and Steamboat Ventures
Series C (2022): $50M supported by Indeed, Khosla Ventures Acquisition, Activant Capital Group, G Squared, and Sequoia Capital
Private Equity (2023): $24M featuring TransUnion
Key Investors in Truework
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, focusing on a broad range of areas including enterprise software, fintech, and AI.
Activant Capital Group
Activant is a research-led growth firm that invests in relentless founders, focusing on innovative solutions that automate enterprise workflows and digitize operations.
Sequoia Capital
Sequoia Capital is a premier global venture capital firm with an unparalleled track record of partnering with entrepreneurs to create market-leading companies across venture, growth, and late-stage opportunities.
What's next for Truework?
With the infusion of $24M, Truework is well-positioned to accelerate its product development and expand its footprint within the enterprise sector. The company is expected to focus on deepening its integration capabilities and enhancing its AI-driven verification engine to maintain its competitive edge. As the demand for real-time, reliable data continues to rise, Truework's strategic roadmap likely includes scaling its operations to support larger institutional clients and exploring new verticals where automated identity and income verification are paramount. The firm remains a pivotal player in the digitization of human resources and financial services infrastructure.
See full Truework company page
