Funding round
Checkr Series B
Checkr, which works in employee background screening services in San Francisco, raised $40M in a Series B round announced on 23 Mar 2016, led by Y Combinator. 5 firms took part, 1 of them already investors. It is Checkr's second venture round on record; the one before was a Series A in Oct 2014.
$40M
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 came 17 months after Checkr's Series A. It is 7.2% of the $559M Checkr has raised in the venture rounds on record. Checkr raised again 25 months later: a Series C round of $100M in Apr 2018. 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 14 Oct 2014, led by Accel $9.0M
- Series B this round 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
Y Combinator led the round with 4 other firms. Accel had backed Checkr before.
Lead investor
- Y Combinator backs 1,295 venture-backed companies new investor
Also in the round
- Institutional Venture Partners new investor
- Accel backs 581 venture-backed companies existing investor
- GV backs 428 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 8 Mar 2016 | $43M | $112M | Abingworth and Canaan |
| Tech Companies | 17 Mar 2016 | $36M | not disclosed | Partech |
| Tech Companies | 16 Mar 2016 | $30M | not disclosed | not named |
| Biotechnology | 28 Mar 2016 | $28M | not disclosed | OS Fund |
| Tech Companies | 23 Mar 2016 | $25M | not disclosed | Maverick Capital Ventures |
| Auto Services | 1 Mar 2016 | $24M | not disclosed | not named |
| Financial Services | 7 Mar 2016 | $23M | not disclosed | Octopus Ventures |
| Warehousing & Storage | 14 Mar 2016 | $17M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Checkr raise in its Series B round?
Checkr raised $40M in its Series B round, announced in Mar 2016.
Who led Checkr's Series B round?
Y Combinator led it, with Institutional Venture Partners, Accel, GV and Institutional Venture Partners.
What was Checkr's valuation at the Series B round?
It was not disclosed.
Did Checkr raise again after this round?
Yes: a Series C round in Apr 2018 of $100M.