LOS ANGELES, CA December 8, 2022 – Certemy, a leading provider of SaaS employee compliance and credentialing management software for employers and professional credentialing organizations, announced the successful closing of a Series B funding round led by Numeta Capital and Apis Holdings. The Series B funding included the conversion of a prior series of convertible notes. Investment banking advisory services were provided by Venero Capital Advisors Ltd. Legal services were provided by Blank Rome LLP.
Certemy offers cloud-based employee compliance and credentialing management software for employers and professional credentialing organizations. For employers with large credentialed worforces, Certemy's Compliance platform allows enterprises to track, manage, and verify the credentials of their employees. For certification and licensing boards, Certemy's Credentialing platform provides an end-to-end solution allowing those boards to manage their initial application and license renewal workflows via a cutting-edge, SaaS-based platform.
"About one-third of all employees require a credential or license to work," said Zorik Gordon, Certemy CEO. "Today, employers do not have an easy way to track, manage, and verify the credentials of their employees. This can often create significant compliance issues for the employer. This funding will allow us to accelerate our ability to provide employers with a leading-edge, SaaS-based solution to solve a very real compliance problem that has historically been solved via disparate spreadsheets and manual processes."
On the role of Venero Capital Advisors, Mr. Gordon added: "The team at Venero were invaluable for their support and guidance throughout this process. Their intimate knowledge of private capital markets was pivotal in successfully closing the best deal for Certemy.”
This marks yet another successful HR Tech M&A transaction for Venero Capital Advisors this year, following the sale of skills mapping platform Boostrs to Visier, career pathing vendor People Analytix to LearningPool, on-demand staffing platform Workmate to Persol, workforce management platform Beeple to Visma, employee engagement vendor Our Tandem to beqom, employee referral platform Firstbird to Radancy, and more.
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