TraqCheck has raised $8 million in a Series A funding round led by IvyCap Ventures, with participation from IIFL.
The London-based HR technology company will use the funds to grow its UK headcount to 25 and expand its Human Operating System, which uses AI agents for hiring and background-checking tasks.
TraqCheck sells software for employment screening and talent sourcing. Its background screening product, Trace, is used by nearly 300 enterprise customers worldwide, including Randstad Enterprise, Wipro and The Digital College.
It is also expanding further into recruitment with Nina, a conversational talent sourcing agent that contacts candidates, screens applicants and passes vetted prospects to hiring managers.
The fundraising comes as investors continue to back software companies applying AI to specific business functions rather than broad consumer use cases. HR has become one of the more active categories, with startups targeting recruitment, screening, compliance and workflow management.
TraqCheck says its products are designed to handle work that would otherwise be spread across multiple systems and manual processes. In its view, background checks and candidate screening are often slowed by fragmented tools and administrative work, particularly in larger organisations.
Jaibir Nihal Singh, Founder and Co-CEO of TraqCheck, outlined the company's view of how recruitment software is changing.
"Recruiting has been stuck in search interfaces and fragmented tools for two decades. Agents change the interface entirely. Instead of navigating software, you simply tell an AI what role you want to hire for and the system executes the entire workflow. We are building systems that collaborate and make decisions, not just tools that display information.
"Our Series A comes at the perfect time, as HR departments are moving beyond isolated pilots to truly embedded autonomous agents. We believe that HR will be one of the earliest operational categories to see full automation. Future hiring teams will rely less on dashboards and more on digital colleagues," Singh said.
Product expansion
The move into talent acquisition broadens TraqCheck's offering beyond background verification, where it has already established a customer base. Nina is designed to start conversations with candidates in real time, qualify them and route suitable applicants to hiring managers.
Armaan Mehta, Founder and Co-CEO of TraqCheck, described that strategy.
"Recruiters spend an enormous amount of time navigating sourcing tools instead of actually speaking to candidates," Mehta said. "Nina flips that model completely. You simply describe the role you want to hire for, and the agent handles sourcing, outreach and qualification autonomously."
The backers framed the investment as a bet on software that can handle complete recruitment workflows. IvyCap Ventures sees an opening for companies that address both talent acquisition and verification within the same system.
"TraqCheck is building a compelling AI-native HR platform that reimagines how hiring workflows are executed. The team has demonstrated strong product vision and execution in applying autonomous agents to solve real enterprise challenges in talent acquisition and verification. We are delighted to partner with the TraqCheck team as they scale globally and help shape the future of HR operations," said Vikram Gupta, Founder and Managing Partner at IvyCap Ventures.
IIFL made a similar case for backing software companies focused on business process infrastructure. Its comments reflected interest in AI products that take over entire tasks rather than acting as an additional layer on older HR systems.
"At IIFL Fintech Fund, we back companies building deep, defensible infrastructure at the intersection of AI and enterprise workflows. TraqCheck is exactly that - a vertically integrated AI-native platform that is not layering intelligence onto legacy HR software, but replacing it altogether. The Human Operating System thesis resonates with us deeply: as agentic AI moves from experimentation to production in enterprise environments, companies like TraqCheck that own the full workflow stack - sourcing, screening, verification - are positioned to become category-defining infrastructure. We are excited to partner with the team as they scale this vision across India and Europe," said Mehekka Oberoi, Fund Manager at IIFL Fintech Fund.
Before the Series A round, TraqCheck had already secured backing from angel investors including Peyush Bansal, Founder of Lenskart, and Alok Oberoi, Chairman of Everstone Capital.
IvyCap Ventures manages more than $650 million in assets and has invested in more than 60 companies across sectors including software, financial technology, healthcare technology and education technology.
For TraqCheck, the round provides fresh capital to hire in the UK and develop products for employers that want to combine sourcing, screening and verification within one system. Nearly 300 enterprise customers already use its Trace product globally.