What is Check?
Based in New York, NY, Check Technologies operates at the intersection of payroll infrastructure and HR management software. The company provides a comprehensive technology solution designed to streamline payroll processes for businesses, offering a vertical HR management system that integrates seamlessly with its core payroll services. This dual focus allows Check to address critical operational needs for its clients, positioning it as a key player in the fintech and HR tech landscapes.
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 Thrive, Bedrock, and Index
Series B (2021): $35M supported by Stripe Inc. and Thrive Capital
Series C (2022): $75M featuring Thrive Capital, Index Ventures, Bedrock Capital Management, and Stripe
Key Investors in Check
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York. Thrive Capital primarily deals in internet and software investments.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the very world. Generational Index-backed companies include Adyen, Datadog, Discord, Figma, Robinhood, and Roblox.
Bedrock Capital Management
Bedrock Fund Management, LLC is a technology investment firm focused on identifying and capitalizing on narrative violations in the market. The firm aims to provide innovative investment solutions to its clients. With a dedicated team, Bedrock seeks to navigate the complexities of technology investments. Their services are tailored for investors looking to engage with emerging trends in the tech industry.
What's next for Check?
With its recent major strategic investment and substantial overall capital, Check is poised for significant scaling and innovation. The company's trajectory suggests a focus on expanding its service offerings, enhancing its technology platform, and potentially broadening its market reach. Future developments may include deeper integrations with other business software, advanced analytics for HR and payroll data, and further automation of compliance-related tasks. The sustained backing from prominent investors indicates strong confidence in Check's business model and its potential for continued disruption in the HR and payroll technology space.
See full Check company page
