Yardstik – a Trust & Safety Platform built for helping high-volume hiring businesses safely hire, verify, and onboard workers at scale – recently announced it has raised an additional $12 million in its most recent round of funding. This expansion round is led by MissionOG with participation from existing investors Grotech Ventures, Rally Ventures, and Crosslink Capital.
The funding round follows an impressive year of growth and product development for Yardstik. While other startups are often challenged by economic uncertainties, leaner teams, and tighter budgets, Yardstik saw over 300% growth in its customer base.
The success Yardstik experienced over the past year is the result of its continued commitment to providing businesses in need of better trust and safety hiring tools with a more connected and data-driven solution. Yardstik launched its Trust & Safety Platform earlier this year and the platform is the company’s answer to the question every high-volume hiring business, SaaS platform, and gig marketplace is asking itself today: how do we hire a lot of people, living in many different places, quickly and at scale without sacrificing trust and safety?
Yardstik is meeting this challenge head-on with its Trust & Safety Platform and after a year of traction and success, the company is now ready to double down.
Yardstik will use the funding round to bring faster, more affordable screening, verification, and onboarding tools to businesses desperate for a better and more connected solution. And these tools come at a time when businesses are being forced to address and solve for a rapid rise in the costs and risks associated with fraud in the hiring process.
Over the next few months, Yardstik will introduce additional products and services that live within their Trust & Safety Platform. And the company also plans to significantly increase its team, adding members to fill open roles in engineering, sales, marketing, legal, and technology.
KEY QUOTES:
“We’re thrilled to announce this new strategic partnership with the team at MissionOG. Trust & Safety is a growing problem for every business, but especially for those navigating the new world of remote work, 1099 contractors, and the gig economy. The team at MissionOG has deep operational experience and knows exactly what a company at our stage of growth needs. We’re looking forward to working with them to bring our platform to more people.”
— Matt Meents, CEO & Founder at Yardstik
“The way businesses and people work together is evolving rapidly. Existing tools businesses utilize are outdated, siloed, and hard to implement. By removing the trust and safety challenges associated with onboarding and monitoring workers, Yardstik’s customers can better focus on meeting the ever-increasing demands of their markets.”
— George Krautzel, Managing Partner at MissionOG
