Ferretly – an AI-powered social media screening SaaS start-up – recently announced that it has raised $1.5 million in a seed round of funding led by Bull City Venture Partners (BCVP) with participation from Seed Round Capital and prior investors including a group of industry experts led by Dave Dickerson, Founder and Chairman of Accurate Background.
The company helps organizations eliminate digital blind spots in hiring by assessing candidates’ online personas. And using artificial intelligence, the company’s platform helps talent teams to align candidate character to corporate values by surfacing a broad range of risk factors. Ultimately, Ferretly helps strengthen culture, create a safer workplace, and reduce risk to brands.
KEY QUOTES:
“Despite a pandemic and recent global economic turmoil, our team has been able to achieve incredible traction and growth over the past few years. Ferretly has seen back-to-back years of 3x revenue growth, representing over 300 customers globally across dozens of verticals including commercial and public sectors. We plan to use this capital to help us scale deeper into the pre-employment screening market as well as expand into other market segments. Our early investors saw the potential of our product and team and we are extremely excited to see them doubling down on this round which is being led by Bull City Venture Partners.”
— Darrin Lipscomb, Founder and CEO of Ferretly
“We view this investment in Ferretly as an opportunity to achieve a dominant market position in the novel product segment of social media screening. For any company, recruiting talent that is aligned with the firm’s values and culture is of utmost importance – Ferretly helps unlock greater transparency into a candidate’s online presence to surface any hidden risks. We are thrilled to partner with Darrin and his team to help scale Ferretly worldwide.”
— David Jones, Partner at BCVP
