Portfolio Company Certn Announces $43 Million Secured in Funding Rounds

Certn team meeting gathered in their office
A people-driven success secures Certn’s position as a top fund-raiser for a tech software start-up on Vancouver Island with stunning Series A and Financing Rounds totaling $43.4 million in 2020.

In celebration of this achievement, we sat down (virtually) with Andrew McLeod, C3O at Certn, to discuss the company’s planned use of funds and to reflect on the Certn-Alacrity Canada relationship from its beginnings.

How was Certn’s experience of fund-raising in 2020 and what’s next?

“Today, [our portfolio company] Certn, a leader in human risk intelligence solutions, announced that it raised $43.4 million CAD over three fundraising efforts in 2020” stated Andrew.

The majority of the funds were secured in November 2020, with $27.8 million CAD raised in a Series A funding, led by Inovia Capital, 01 Advisors as well as a number of existing investors including  Preface Ventures, Scribble Ventures, Moxxie Ventures, Basement Fund, Weekend Fund, Owl Capital, and Panache Ventures

Shortly after in December 2020, another $9.5 million CAD was secured through a Series A+ round led by Australia-based Telstra Ventures and Boston Consulting Group’s venture arm, B-capital Group. Cyber Mentor Fund also provided funding during this round. 

According to Mr. McLeod, a large portion of the funds raised will be dedicated to “doubling-down on customer acquisition, maintaining current product verticals, and building features that expand [their] value proposition.”

The intent is to fuel continued growth in existing markets and expand internationally as well.   

The company also secured a seed financing round in February 2020 of $6.1 million CAD, led by Tribe Capital, and included Preface Ventures, Moxxie Ventures, Scribble Ventures, and Weekend Fund. 

Capping off their successful year in 2020, Certn was recognized as one of the Canadian Companies-to-Watch on Deloitte Technology Fast 50™ awards.

Used by leading employers, staffing firms, property management companies, and the gig economy, Certn returns domestic and international criminal background checks, credit reports, reference checks, education verification, motor vehicle records, identification, and more in minutes. Through innovative, friendly, and compliant technology, Certn is advancing trusted connections around the world.

Certn team gathered together after donating to Canadian Blood Services
What Role Would You Say Alacrity Canada Has Had in Certn’s Success From The Beginning?
“The people are what make Certn and without Alacrity, we might never have met the people that we have today – the people that built the product and everything else you see today,” said Mr. McLeod.

Getting their start in the Alacrity Canada office on Vancouver Island in 2016, Certn and Alacrity have maintained a close partnership.

From meeting their technical founders within the Alacrity network to making the most of the resources available to them, the trajectory that Certn has created for themselves remains extremely encouraging.

If Certn’s $43.4 million CAD fundraising doesn’t convince other start-ups of the potential in the market at the moment, here are further words of affirmation from McLeod: “There is a lot of great capital out there for great companies right now.”

 

For more information about Certn and their services, visit their website at https://certn.co/

Read their official announcement here.

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