What is Checkr?
Checkr's platform provides advanced background check technology designed to streamline the hiring process for businesses. Headquartered in San Francisco, California, the company has established itself as a leader in the HR technology space by offering efficient and compliant screening solutions. Its services are crucial for companies looking to ensure a safe and reliable workforce, covering a wide range of checks from criminal records to employment verification. The consistent influx of capital indicates strong investor confidence in Checkr's business model and its ability to scale within the enterprise market.
How much funding has Checkr raised?
Checkr has raised a total of $559M across 5 funding rounds:
Series A
$9M
Series B
$40M
Series C
$100M
Series D
$160M
Series E
$250M
Series A (2014): $9M with participation from Data Collective, Google Ventures, SV Angel, Khosla Ventures, and Accel Partners
Series B (2016): $40M led by Institutional Venture Partners, Y Combinator, and Accel Partners
Series C (2018): $100M, investors not publicly disclosed
Series D (2019): $160M featuring Accel, Y Combinator, T. Rowe Price Associates, Inc., IVP, Bond, and Coatue
Series E (2021): $250M backed by Durable Capital Partners, Khosla Ventures, IVP, Bond Capital, and T. Rowe Price
Key Investors in Checkr
Institutional Venture Partners
IVP (Institutional Venture Partners) is a Menlo Park-based later-stage venture capital firm that raises large growth funds and invests in high-growth technology companies, primarily at Series B and beyond across consumer, enterprise, and fintech, typically taking significant minority stakes and supporting companies through scale-up and IPO/M&A exits.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
Accel Partners
Accel is a global venture capital firm that invests in companies at various stages of growth, from seed to growth equity. They focus on technology companies and have a strong track record of supporting successful startups.
What's next for Checkr?
The recent major strategic investment signals Checkr's intent to accelerate its expansion and product development. With a significant total funding amount of $559M, the company is well-positioned to invest in new technologies, expand its market reach, and potentially explore strategic acquisitions. This capital infusion is expected to bolster its competitive edge in the background check industry, enabling Checkr to further innovate its platform and enhance its service offerings to meet the evolving demands of enterprise clients. The company's trajectory suggests a focus on solidifying its market leadership and driving further technological advancements in employment screening.
See full Checkr company page
