What is Check?
Based in New York, NY, Check Technologies operates at the intersection of payroll infrastructure and HR management. The company provides a technology backbone for payroll processing and offers vertical HR management software solutions tailored to specific industry needs. By streamlining complex payroll operations and integrating them with broader HR functions, Check aims to enhance efficiency and compliance for businesses. Its focus on infrastructure technology suggests a B2B model, providing essential services that other companies can build upon or integrate into their existing systems.
How much funding has Check raised?
Check has raised a total of $119M across 4 funding rounds:
Angel/Seed
$1M
Series A
$8M
Series B
$35M
Series C
$75M
Angel/Seed (2019): $1M with participation from Bedrock Capital Management
Series A (2020): $8M led by Bedrock, Thrive, and Index
Series B (2021): $35M supported by Stripe Inc. and Thrive Capital
Series C (2022): $75M featuring Bedrock Capital Management, Stripe, Thrive Capital, and Index Ventures
Key Investors in Check
Thrive Capital
Thrive Capital is an investment venture capital company based in New York, specializing in internet and software investments. They have participated in multiple funding rounds for Check, indicating a strong belief in the company's growth potential.
Bedrock Capital Management
Bedrock Capital Management is a technology investment firm focused on identifying market opportunities. Their involvement in Check's early and later funding rounds highlights their strategic interest in the HR technology space.
Stripe
Stripe is a technology company providing economic infrastructure for the internet, including payment processing. Their investment in Check suggests a strategic alignment in building foundational business technology.
What's next for Check?
With the recent major strategic investment, Check is poised to further develop its payroll infrastructure and expand its software offerings. The company's trajectory, marked by consistent funding rounds from Seed to Series C, indicates a strong market validation and investor confidence. Future initiatives will likely focus on scaling operations, enhancing technological capabilities, and potentially exploring new market segments or strategic partnerships. The enterprise-level funding suggests a strategic push towards broader adoption and market leadership, solidifying its position as a key player in the HR technology sector.
See full Check company page
