HedgeCo.Net — Yardstik said Thursday it had raised $30 million in Series B funding led by Harbert Growth Partners, taking total capital raised to $65 million. The PR Newswire release is the primary. Pivot News independently reported the same $30 million Series B, the same $65 million cumulative, and the same Harbert lead, citing coverage that tracked the announcement.
Existing investors Rally Ventures, MissionOG, Crosslink Capital, Grotech Ventures, and Great North Ventures all participated. Minneapolis-based Yardstik sells what it calls a Human Trust Platform that combines background screening, identity verification, fraud detection, and continuous post-hire monitoring. Proceeds will fund motor vehicle reports, OIG exclusion monitoring, and automated alerts when licenses, insurance, or certifications lapse, the company said.
CEO Andrew Johnson said the capital accelerates moving workforce protection beyond a single hire-day check. Harbert Growth Partners general partner Brian Carney cited a 98% account retention rate over the past three years. The company also pointed to 149% year-over-year revenue growth and a 99.4% customer satisfaction rating. Those are company metrics, not audited fund returns.
The allocator object is a Series B growth check into post-hire workforce risk software, not a private credit vehicle. Anyone marking the $65 million figure as the new round size alone has conflated cumulative capital with the fresh $30 million. It is a closed round, not a target.