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TraqCheck, a London headquartered artificial intelligence enterprise startup specialising in human resource technology, has announced the successful closure of an $8 million Series A funding round. The round was led by IvyCap Ventures, with additional participation from IIFL Fintech Fund. This milestone marks a significant step forward in TraqCheck’s ambition to fundamentally reimagine how enterprises manage talent acquisition and workforce verification.
About TraqCheck
Founded by Armaan Mehta and Jaibir Nihal Singh, TraqCheck operates with offices in both London and New Delhi. The company has established itself as a distinctive player in the HR technology landscape by deploying autonomous AI agents to automate end-to-end hiring workflows. Rather than layering intelligence onto existing software, TraqCheck replaces legacy HR systems altogether — a positioning the company describes as the Human Operating System thesis.
Products Driving the Vision
TraqCheck’s platform comprises two specialised AI agents. Trace is a background verification agent that automates comprehensive employee screening, including identity checks, criminal records, and employment history validation, while routing complex cases to human quality control experts. Nina, the company’s recently launched conversational sourcing agent, operates upstream in the hiring funnel — identifying candidates in real time, initiating personalised outreach, qualifying applicants, and delivering vetted shortlists directly to hiring managers without manual intervention.
Together, these agents execute end-to-end recruitment workflows autonomously, eliminating the fragmented, time-intensive processes that characterise traditional hiring operations.
Strategic Deployment of Capital
The fresh capital will serve three principal objectives. TraqCheck will accelerate its expansion across European markets, deepen adoption of Trace among both SMB and enterprise customers, and scale go-to-market efforts for Nina. The startup currently serves nearly 300 enterprise clients across India and Europe, having previously secured backing from notable angel investors including Peyush Bansal of Lenskart and Alok Oberoi, Chairman of Everstone Capital.
Growing Institutional Confidence
This Series A reflects strong institutional conviction in agentic AI infrastructure for enterprise use cases. IvyCap Ventures and IIFL Fintech Fund’s co-investment signals recognition that vertically integrated, AI-native platforms — those that own the full workflow stack across sourcing, screening, and verification — are well-positioned to become category-defining players as automation matures within enterprise HR.
With verified technology, a rapidly expanding client base, and well-capitalised growth plans, TraqCheck enters its next phase as a credible contender in the global HR technology market.
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