Veremark's £504K secondary closes on Crowdcube at $100M valuation
What's the deal? Background-checking platform Veremark closes its secondary offering on Crowdcube today, with 51 investors committing £504,461 — an average of nearly £10,000 each — to buy insider shares. The shares priced at £6.34 each, matching the $100 million valuation from Veremark's recent Series B.
Who's selling? The sellers are expected to be employees seeking liquidity, meaning the capital goes to existing shareholders rather than the company itself.
Why now? Veremark raised $26 million in Series B funding earlier this year at the same $100 million valuation. The secondary gives staff a chance to cash in some equity while the company keeps growing.
By the numbers: Veremark reported £6.7 million in annual revenue for 2025, up 54% year-on-year. In June, it posted $21.3 million in annual recurring revenue and 2,322 active customers, a 162% jump from a year earlier. The Financial Times has named it one of Europe's fastest-growing companies.
The signal: The offering is another secondary listed by Crowdcube as it builds out that side of its business. Launched as a primary issuance marketplace, Crowdcube is increasingly leaning on secondaries as a key revenue generator — a sign of growing appetite for liquidity in private markets.
Read more: crowdfundinsider.com
Image credit: Generated with Gemini
