Yardstik Raises $30 Million for Workforce Fraud Monitoring

Yardstik raised $30 million in Series B funding led by Harbert Growth Partners, the company announced in a press release. The round brings Yardstik's total capital raised to $65 million, with participation from Rally Ventures, MissionOG, Crosslink Capital, Grotech Ventures, and Great North Ventures.

Yardstik said it will use the funding to develop fraud prevention and monitoring tools, including motor vehicle reports, OIG exclusion monitoring, and automated alerts for expired licenses, insurance, or certifications. The company provides background screening, fraud detection, and ongoing workforce monitoring for employers.

The company recently released Fraud Insights and Continuous Monitoring features for customers at no additional cost. Fraud Insights shows aggregate fraud risk signals across a workforce, while Continuous Monitoring enrolls screened workers in monitoring after they are hired.

Yardstik said its platform works through integrations with ATS and HR systems including Greenhouse, Lever, Workable, Fountain, Bullhorn, Avionte, and Paylocity. The company reported 149 percent revenue growth from the prior year and named customers including Gopuff, Liveops, Sharetown, Task Rabbit, and HUNGRY.