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New Deal


Announced

Completed

Activant Capital led a $30m Series B round in Truework.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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human resources software

Minority

Software

United States

Completed

software development

Venture Capital

Domestic

Friendly

Single Bidder

Acquisition

Private

Private Equity

Synopsis

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Activant Capital, a Greenwich-based, growth equity firm, led a $30m Series B round in Truework, a platform for employment and income verification, with participation from returning investors Sequoia Capital and Khosla Ventures. "We've always known income and employment verification was just the first step in our mission of creating a holistic identity API that puts each individual in control of how their sensitive data is shared online. In the months and years to come, we plan to expand our consent-driven model into every aspect of identity verification, from education to credit history, and beyond. We're committed to leading an industry-wide transformation that puts consumers first. Eventually, we hope that selectively sharing your private Truework profile will be all you need to apply for a new job, apartment, or loan—and to keep your information safe, you won't need to do anything at all," Ryan Sandler, Truework CEO.

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