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Venture Capital
FINANCE | Investment Firms & Funds
onewayvc.com

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Investments

53

Portfolio Exits

2

Funds

2

About One Way Ventures

One Way Ventures, founded in 2017 by Semyon Dukach and Eveline Buchatskiy, is focused on backing exceptional immigrant entrepreneurs. Prior to founding One Way Ventures, Semyon and Eveline have sourced, invested, and nurtured over 50 prominent startups at Techstars Boston.

One Way Ventures Headquarter Location

207 South Street Suite 172

Boston, Massachusetts, 02111,

United States

617-286-4666

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Latest One Way Ventures News

KarmaCheck Secures $15M In Series A Funding, To Bring Additional investors include Parameter Ventures, One Way Ventures, NextView Ventures and Dash Fund.

Apr 7, 2022

New York, UNITED STATES SAN FRANCISCO, April 07, 2022 (GLOBE NEWSWIRE) -- KarmaCheck, a first-of-its-kind company that uses data-driven technology to bring truth, speed, and efficiency to background checks, today announced they have secured $15M in Series A funding. The round was led by Velvet Sea Ventures, an operator-led multi-stage VC firm dedicated to accelerating digital transformation and digital ownership. Established by LinkedIn co-founder, Eric Ly, KarmaCheck’s mission is to enhance the verification and onboarding process for enterprise customers and create meaningful professional opportunities in today’s economy. According to KarmaCheck’s proprietary research, roughly 44% of the information provided by LinkedIn users is false. And with many companies transitioning to an entirely remote workforce, the ability to verify the truth about people’s identities has never been more necessary to today’s enterprises. Utilizing proprietary data access and processing, KarmaCheck aims to deliver the fastest background checks offered in the industry, significantly speeding up the hiring and onboarding processes by up to 350%, giving employers the competitive advantage in hiring, while also safeguarding the identities and personal information of candidates. As a result, background checks can be completed in minutes instead of days or weeks. This speed enables employers to deliver higher revenues sooner in the current hyper-competitive talent environment. Powered by AI technology to judge speed and accuracy, KarmaCheck provides employers real-time, actionable insights, completely reimagining and disrupting the background check industry. “In an all remote and digital work environment, employers are hunting for quality hires at a time where it’s become easier to hide behind a false identity,” said Eric Ly, founder of KarmaCheck. “Our AI-based technology utilizes previously gathered data on an individual, enabling companies to accurately and efficiently cut through fabricated information. Not only does this give us a competitive edge, but also employers when it comes to hiring the right candidates.” KarmaCheck already works with hundreds of the biggest companies in North America, including McDonald's, Domino’s, Recruiter.com, and more. Using KarmaCheck’s first-of-its-kind AI-driven technology, leading pizza brand Domino’s saw more than 96% of the company’s background checks were instantaneous, and 99% of job applicants went on to complete their onboarding process - an increase from their initial completion rate of 30%. Other companies KarmaCheck has worked with include Clover Health, NexRep, and Instant Teams. “KarmaCheck is the epitome of an industry disruptor and we’ve already seen their ability to outpace their competitors three to five times over,” said Mike Lazerow, managing partner and co-founder of Velvet Sea Ventures. “The revolutionary tech-based approach to background checks, driven by Eric Ly, makes KarmaCheck a true force to be reckoned with in an otherwise slow-paced, legacy industry.” About KarmaCheck KarmaCheck has reimagined background checks with a tech-first, data-driven approach that brings truth to the internet and provides the fastest background check for employment needs. Employers and employees benefit from real-time, actionable notifications, so hiring decisions come sooner. KarmaCheck’s mobile-first background check platform is easy to access, reliable, and compliant. Visit www.karmacheck.com to learn more. About Velvet Sea Ventures Velvet Sea Ventures is an operator-led venture capital firm that goes beyond capital to help entrepreneurs turn their visions into reality. Built by a family of entrepreneurs, VSV couples seed-to-growth stage capital investment with hands-on strategic support and guidance. Current Velvet Sea Ventures portfolio companies include Scopely, eToro, Liquid Death, LeoLabs, Autograph, Strigo, SuperRare, Elementus and Pixel Vault. A full list of portfolio companies can be found here. Media Contact

One Way Ventures Investments

53 Investments

One Way Ventures has made 53 investments. Their latest investment was in Zero as part of their Series A on March 3, 2022.

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One Way Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/1/2022

Series A

Zero

$12M

Yes

16

2/9/2022

Seed VC

Destinus

$29M

Yes

11

2/8/2022

Series A

KarmaCheck

$15M

Yes

3

12/16/2021

Seed VC - II

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$99M

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10

12/16/2021

Seed VC

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$99M

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10

Date

3/1/2022

2/9/2022

2/8/2022

12/16/2021

12/16/2021

Round

Series A

Seed VC

Series A

Seed VC - II

Seed VC

Company

Zero

Destinus

KarmaCheck

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Amount

$12M

$29M

$15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

16

11

3

10

10

One Way Ventures Portfolio Exits

2 Portfolio Exits

One Way Ventures has 2 portfolio exits. Their latest portfolio exit was Momentus Space on October 07, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2020

Acq - Pending

$99M

1

3/2/2020

Merger

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10

Date

10/7/2020

3/2/2020

Exit

Acq - Pending

Merger

Companies

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Valuation

$99M

Acquirer

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Sources

1

10

One Way Ventures Fund History

2 Fund Histories

One Way Ventures has 2 funds, including One Way Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/4/2021

One Way Ventures Fund II

$57.5M

1

11/13/2017

One Way Ventures Fund I

$99M

10

Closing Date

1/4/2021

11/13/2017

Fund

One Way Ventures Fund II

One Way Ventures Fund I

Fund Type

Status

Amount

$57.5M

$99M

Sources

1

10

One Way Ventures Team

1 Team Member

One Way Ventures has 1 team member, including current Managing Partner, Semyon Dukach.

Name

Work History

Title

Status

Semyon Dukach

Managing Partner

Current

Name

Semyon Dukach

Work History

Title

Managing Partner

Status

Current

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