Harbert Growth Partners Leads Yardstik’s $30 Million Series B

Gunderson Dettmer represented Harbert Growth Partners as the lead investor in Yardstik’s $30 million Series B financing, bringing the human trust and background screening platform’s total capital raised to $65 million. Yardstik's existing investors—Rally Ventures, MissionOG, Crosslink Capital, Grotech Ventures, and Great North Ventures—also participated in the round. 

Yardstik’s platform combines fraud detection, background screening and ongoing monitoring across the workforce lifecycle, helping organizations surface risk signals earlier and identify relevant changes after someone has been hired. The company will use the new capital to accelerate the development of new fraud prevention defenses and monitoring technology, including motor vehicle reports and OIG exclusion monitoring, and automated alerts that notify employers when a worker's license, insurance or certification expires.

“Yardstik's growth shows employers want a way to manage risk that doesn't stop the day someone's hired,” said Brian Carney, General Partner of Harbert Growth Partners, in the announcement of the transaction. “Its 98% account retention rate over the past three years shows that customers continue to see value in the layered protection they provide beyond the background checks at hire. We are excited to support Andrew and the team as they continue to expand the platform.”

The Gunderson deal team was led by Zach Crowe and included Alex Bloom and Tyler Vandre.