Fund IV continues the firm's nearly two-decade history of investing in and partnering with middle market, growth-oriented companies.

KarmaCheck is a technology-based solution for background checks, credentialing, and compliance.

The company is led by Wesley Eames.

The round was led by Koch Disruptive Technologies.

Google Ventures led the Series A investment round.

New York Life Ventures joined the round.

Pending necessary regulatory approvals.

The Canadian company will use the funding to expand support for accumulation annuities and non-guaranteed income products.

The startup has operated in 4 different continents.

The company has built proprietary AI to streamline prior authorization process.

The startup develops a tool to provide an "instant replay" of a vehicle collision.

Allstate Strategic Ventures and Liberty Mutual Strategic Ventures participated in the round.

PQShield will use the funding to expand its commercial operations as well as its research IP.

The startup has thousands of active users.