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TraqCheck raised $14M in a pre-Series A funding round led by Caret Capital to expand its AI-powered background check solutions internationally.

Sep 23, 202410 months ago

Amount Raised

$14 Million

Round Type

series a

New DelhiEnterprise SoftwareArtificial IntelligenceInformation TechnologySoftware

Investors

Caret CapitalAakash AnandAlok Oberoi

Description

TraqCheck, an enterprise software company, has secured a pre-Series A funding round with a valuation exceeding $14 million. The funding will help the company expand its international presence, starting with the UK.

Company Information

Company

TraqCheck

Location

New Delhi, Delhi, India

About

TraqCheck is an enterprise software company that specializes in AI-powered background check solutions. Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, the company aims to streamline hiring processes for businesses. TraqCheck provides fast, accurate, and reliable background checks, enhancing the efficiency of hiring on a global scale.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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