February 04, 2022

Yardstik Raises $8M Series A to Scale Its Human Security Platform

MINNEAPOLISFeb. 3, 2022 /PRNewswire/ — Yardstik, a technology company offering screening, verification, and training solutions tailored to gig marketplaces and SaaS platforms, today announced that it raised $8 million in Series A funding led by Grotech Ventures with participation from Great North Ventures and continued funding from existing investors Rally Ventures and Crosslink Capital.

Yardstik has enjoyed early success, in part, due to its platform delivering unique value across two rapidly growing market segments. The gig economy continues to expand, with the number of freelance workers increasing by 38% in 2021, and on-demand service marketplaces find themselves having to adapt quickly. Meanwhile, the software as a service (SaaS) market share grew by 16.3% in 2020 to reach $105.6 billion, inspiring providers to look for opportunities to add value-add services to their platforms in increasingly competitive markets.

“These markets are absolutely ripe for innovation,” said Matt Meents, CEO and Co-founder of Yardstik. “Our customers are on the front lines and recognizing opportunities to do things differently, better, and to redefine the status quo. It’s exciting to play a role in that.”

Yardstik’s modular screening, verification, and training solution sets—combined with its white-labeled integration options and operating models to support customer growth—have gotten the attention of buyers across both of these booming categories. Its customers see an opportunity to create competitive advantages through solutions and services beyond what a traditional background check provider can deliver. Read rest here