Veremark announces £6 million secondary transaction on London Stock Exchange

Official press release

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Veremark prepares for £6 million secondary transaction on London Stock Exchange

UK company becomes third ever to select PISCES market for share sale as it eyes next stage of growth

London, UK, 7 October: Veremark, the global workplace trust company, has announced it is preparing for an employee and early investor secondary share sale, worth approximately £6 million on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over £100 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, is managing the transaction. 

This marks the third employee share sale on the LSE’s PSM. Veremark raised a $26m (£19.27m) Series B round earlier this year after a period of sustained growth, growing its revenue run rate by 300% in 2025. Since it was founded in 2019, the company now employs more than 300 people, has seven offices worldwide, including the UAE, New Zealand and the Philippines, and works with more than 8,000 clients globally. Veremark’s clients include major industry players worldwide, e.g., OVO Energy and Schneider Electric.

As the workforce becomes increasingly remote, with shorter tenures, and the use of AI  to present false data or profiles and capabilities grows, businesses are finding it harder than ever to verify candidate information and confirm identity. Veremark's technology instantly implements global background screening at scale during the hiring process and on an ongoing basis, regardless of employee location. Employers who use Veremark benefit from a compliant and de-risked hiring process while protecting company culture. 

The LSE’s PSM was established using PISCES (Private Intermittent Securities and Capital Exchange System) regulation to allow later-stage private businesses to realise liquidity for early-stage investors, employees, or both through secondary share transactions using LSE rails.

Crowdcube acts as a Registered Auction Agent for the PSM, facilitating both the buy and sell sides of deals. As part of the Veremark transaction, Crowdcube will also offer an equity sale directly to retail investors via its platform. It recently acted as part of both the Wayve and Moneybox transactions. 

Daniel Callaghan, CEO and co-founder of Veremark, said: “We have seen incredible growth at Veremark over the last few years, and this sale marks a key moment for our early employees and investors to reap the rewards of their work. After a successful Series B raise earlier this year, our ambitions to scale remain strong, and this sale sets us up for the next stage of growth. Through multiple acquisitions and team expansion, we continue to give customers greater confidence in who they bring into the business.” 
Matt Cooper, Crowdcube’s co-CEO, said: ‘Crowdcube is now becoming the go-to agent for employee share transactions on the London Stock Exchange’s Private Securities Market, with Veremark taking the value of recent deals we’ve been involved in to over £110 million’

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The employee share sale will open on September 22nd, with the auction taking place on October 7th. Equity will be available to retail investors on Crowdcube.com from September 22nd.

Ends

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Contact

FieldHouse Associates:

veremark@fieldhouseassociates.com 

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About Veremark 

Veremark is the leading global workplace trust company, connecting background screening, whistleblowing, and credential verification into one system. Launched in London in 2019, the company has offices in the UK, UAE, Singapore, the US, Australia, New Zealand, and the Philippines. While performing background checks on new candidates for companies across the globe, Veremark also helps businesses rescreen existing employees to maintain workplace safety and happiness. The business also has a career passport - Verepass - that allows candidates to own, manage and share their verified credentials. Securely held on the blockchain, Verepass reduces check requirements and saves time and money.

Veremark was named as one of the UK’s Future Fifty in 2025 by Founder’s Forum & Technation, the 9th Fastest growing company in the UK by Deloitte Fast50 awards, in 2023 as well as the 10th Fastest growing company in the UK by Financial Times Sifted Leaderboard in 2024. The company was named one of Britain's fastest-growing private technology companies in The Sunday Times Hundred 2026 Tech.  

About Crowdcube

Crowdcube is Europe's leading private market investment platform, providing liquidity at all stages of a company's growth cycle to both investors and businesses. 

With over £1.5 billion in assets under management and 2 million active investors, through its nominee structure, Crowdcube holds stakes in some of the UKs leading high-growth businesses, including Revolut, Monzo, Moneybox and Nothing. 

As well as primary rounds, Crowdcube also offers liquidity to existing investors and employees through secondary share sales, either on its own platform or as a Registered Auction Agent (RAA) on London Stock Exchange's Private Securities Market (PSM). It recently acted as an RAA on both the buy and sell side on the PSMs Wayve, Moneybox and Veremark transactions, generating over £110m in value.