Quild #46: Truv

Income and employment verification

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

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Truv is a one-stop solution powering income and employment verification for the US workforce. It integrates with 50+ payroll providers and 9,200 directly with employers (10X industry average). Its coverage includes 120M working Americans, 96% of Fortune 1000 companies, 95% of the Federal Government, and 83% of the largest US private organizations.

Founders: Kirill (CEO), Ilya (CTO)

Signals:

1. Venture-backed experience

   • Kirill built products at Carta (funded by Menlo, a16z, Lightspeed, etc.) for 2 years

2. Top company alumni

   • Ilya was a machine learning engineer at Apple for 6 years

3. Top university alumni

   • Kirill graduated from Stanford University (MBA)

4. Fast team growth

   • Grew 1.8x YoY to 31 employees

   • And hiring a lot more

5. Accelerated financing

   • Founded Jun 2020, announced seed in Feb 2021, series A in Mar 2022

6. Midas list investors

   • Kleiner Perkins led series A

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Till tomorrow, Kenn