Checkr Raises $250M for Background Verification
Checkr, a San Francisco CA-based HR technology company, raised $250M in Series E funding, valuing it at $4.6 billion. The round was led by Durable Capital, Fidelity Management & Research Company LLC and Franklin Templeton with participation from BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator.
“As the workforce becomes more flexible, people’s expectations are changing about where and how they work. We are seeing a growing need for innovative technology to support a new way of identifying, onboarding, engaging, and even delivering pay and benefits to workers. We plan to use the new funding to realize our vision to become the new infrastructure for the future of work and continue our mission to build a fairer future,” said Daniel Yanisse, Checkr CEO.
Checkr provides HR technology that initiate and review background checks. The company leverages automation to process over 30 million background checks annually using artificial intelligence to make them faster, easier, more accurate and compliant. Its API first products support tens of thousands of customers in a variety of hiring use cases.
The company, which has raised $550m to date, intends to use the funds to expand operations and its business reach.
Announcement: Checkr Raises $250M for Background Verification