Funding round
Checkr Series A
Checkr, which works in employee background screening services in San Francisco, raised $9.0M in a Series A round announced on 14 Oct 2014, led by Accel. 5 firms took part, with 11 individual investors. It is Checkr's first venture round on record.
$9.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Checkr did not disclose a valuation in this round. It is Checkr's first venture round on record, 1 year after it was founded in 2013. It is 1.6% of the $559M Checkr has raised in the venture rounds on record. Checkr raised again 17 months later: a Series B round of $40M in Mar 2016. Its next priced round, a Series D in Sep 2019, valued it at $2.20B.
Checkr's funding rounds
Checkr has 5 venture rounds on record. This one is highlighted.
- Series A this round 14 Oct 2014, led by Accel $9.0M
- Series B 23 Mar 2016, led by Y Combinator $40M
- Series C 12 Apr 2018, led by T. Rowe Price $100M
- Series D 18 Sep 2019, led by T. Rowe Price Associates, Inc. $160M$2.20B post-money
- Series E 1 Sep 2021, led by Durable Capital Partners $250M$4.60B post-money
Investors
Who put money in
Accel led the round with 4 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
- DCVC backs 171 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
Individual investors: Bobby Yazdani, Elad Gil, Wesley Chan, Scott Banister, Joshua Schachter, David Spector, Paul Bucheit, Kevin Hale, Qasar Younis, Ilya Sukhar and Tikhon Bernstam. Joined the board: Rich Wong (Accel Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Blockchain.com Cryptocurrency | 7 Oct 2014 | $30M | not disclosed | Lightspeed Venture Partners and Wicklow Capital |
| Pharmaceutical Products | 8 Oct 2014 | $16M | not disclosed | not named |
| Tech Companies | 8 Oct 2014 | $15M | not disclosed | Accel |
| Tech Companies | 21 Oct 2014 | $12M | not disclosed | Spark Capital and Canaan |
| Toys & Games Stores | 16 Oct 2014 | $12M | not disclosed | Accel |
| Medical Supply Manufacturers | 15 Oct 2014 | $11M | not disclosed | Sanofi |
| Tech Companies | 1 Oct 2014 | $10M | not disclosed | Matrix |
| Tech Companies | 30 Oct 2014 | $10M | not disclosed | DCM |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Checkr raise in its Series A round?
Checkr raised $9.0M in its Series A round, announced in Oct 2014.
Who led Checkr's Series A round?
Accel led it, with Khosla Ventures, SV Angel, DCVC and GV.
What was Checkr's valuation at the Series A round?
It was not disclosed.
Did Checkr raise again after this round?
Yes: a Series B round in Mar 2016 of $40M.