Venture Funding

TrueWork Lands $12 Million Series A

SAN FRANCISCO — Employment verification service TrueWork says it has raised a $12 million Series A funding round led by Sequoia Capital’s Alfred Lin.

Also participating in this round are new investors Stanford University, who join existing investors Khosla Ventures, Menlo Ventures and Founder Collective.

TrueWork has developed a platform for employment and income verification and has helped hundreds of employers, and now more than one million employees, regain control over key pieces of personal data such as work history and salary information.

Truework secures sensitive identity information by providing details only when consumers give their explicit consent.