San Francisco based corporate background check provider has raised a $4m Series Seed led by Accel and Sequoia Capital.
Middesk performs background checks, but not of people; rather, the startup helps companies identify business and regulatory risk in their customer base. Today, it’s announcing its first round of capital, a $4 million financing led by Accel’s Rich Wong, with participation from Sequoia. Founded by two early employees of another YC graduate, Checkr, which automates the pre-employment background check process for companies, Middesk chief executive officer Kyle Mack and chief technology officer Kurt Ruppel wanted to apply their learnings to a business identity product. “What we’ve built from the ground up is a product to help companies understand who their customers are and what those customers do for their business,” Mack explains.