Checkr Raises $40M in Series B

What does Checkr do?

Checkr, is the leading software solution for background screening and verification. It seeks for the automation of the process of professional background checking. This start-up provides either an API or an online access which returns automatically generated background checks. It uses the same data sources as the traditional background check companies, but can usually turn them around quicker than the traditional providers. The company which was launched in 2014 has emerged as the dominant background check service used by the on demand economy. Their current clients are Instacart, DoorDash, Uber, GrubHub, process over 300 grand checks per month.

How much Checkr was funded?

Checkr raised $40M in Series B on March 23, 2016 from Elad Gil, Accel, Institutional Ventures Partners, David Spector, Signatures Capital and Y Combinator.

Previous funding

• $120k on July 16, 2014 from Y Combinator
• $9M in Series A on October 14, 2014 from Accel, SV Angel, Khosla Ventures, Elad Gil, Data Collective, GV,  Scott Banister, Wesley Chan, Joshua Schachter, Paul Buchheit, David Spector, Kevin Hale, Ilya Sukhar, Qasar Younis, Tikhon Bernstam, Signatures Capital and Alexei Chemenda.

What is next for Checkr?

Checkr plans to use the latest funding raised for expanding its offering to service even wider variety of organizations, including marketplace businesses and peer to peer commerce and larger enterprises too.  The company’s early customers in these spaces include Zenefits, Warby Parker and Workable.

 More about Checkr

The company was founded in 2014 by Daniel Yanisse and Jonathan Perichon. It has its headquarters in San Francisco, CA. The company provides a modern, compliant employee screening solution which helps them stay competitive in acquiring talent and equipping them to dela with the needs of a new workforce. The company delivers fast turnaround times, helps reduce company onboarding costs and maintains strict quality controls.