- Employment verification company Citadel ID announced recently that it raised $3.5 million in funding. These are the details.
Employment verification company Citadel ID announced recently that it raised $3.5 million in funding. This funding round was provided by several angel investors and venture firms, including Abstract, Soma VC, ChapterOne, Brianne Kimmel, Mark Pincus, Lachy Groom, and Henry Ward, according to TechCrunch.
Citadel ID launched in June 2020 and the company’s co-founder Kirill Klokov brainstormed the idea behind the company while working at Carta — which is a startup that helps startups manage their capitalization table. While working at Carta, Klokov learned that it was hard to verify data about people such as employment history, income, and identity.
How does Citadel ID work? Citadel ID offers an API for companies in order to confirm the details of employment. And it can be integrated into payroll managers.