Certn, an online background checks and identity verification firm, has recently raised $30m in a Series B financing round.
Of the $30m, $29.5m of this came from Export Development Canada. To date, Certn has raised a total of $114m in venture funding.
This additional funding helps Certn, who acquired UK-based Credence Background Screening a year ago, to expand its background screening technology in EMEA markets.
Also taking part in the Series B raise B Capital, a strategic partner of Boston Consulting Group, Bank of Montreal, Gaingels, Covalent Ventures, Tribe, Inovia Capital, Telstra Ventures, Scribble, and Moxxie Ventures.
Certn said that this round follows a period of record revenue growth to the tune of 14533% from 2018 to 2022 — making Certn the second-fastest growing Canadian company according to Deloitte Canada’s Technology Fast 50 program.
Michael Whittington – managing director of Credence, Certn’s EMEA business – said, “We’re grateful for EDC’s support and keen to expand our product offering in new regions like the Middle East.
Doug Beavis, sales and commercial director, EMEA added, “We’re ready to solve new problems and this funding helps us empower new clients, like those in healthcare, the gig economy, financial services, and travel industries, to access more opportunities through seamless background checks and instant identity verification.”
Fairly AI, which has built an oversight and risk management platform for AI, has reportedly raised $1.7m in fresh funding.
The firm supports the end-to-end process of AI model risk management. Its platform covers a range of features, including information reporting, testing, policies and built-in control to fairness and bias testing.
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