Funding round
Checkr Series C
Checkr, which works in employee background screening services in San Francisco, raised $100M in a Series C round announced on 12 Apr 2018, led by T. Rowe Price. 3 firms took part, 2 of them already investors. It is Checkr's third venture round on record; the one before was a Series B in Mar 2016.
$100M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Checkr did not disclose a valuation in this round. It came 25 months after Checkr's Series B. It is 18% of the $559M Checkr has raised in the venture rounds on record. Checkr raised again 17 months later: a Series D round of $160M in Sep 2019, at $2.20B post-money.
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 23 Mar 2016, led by Y Combinator $40M
- Series C this round 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
T. Rowe Price led the round with 2 other firms. Accel and Y Combinator had backed Checkr before.
Lead investor
- T. Rowe Price new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing 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 C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| SenseTime Tech Companies | 9 Apr 2018 | $600M | not disclosed | Alibaba Group |
| Revolut Banks & ATMs | 26 Apr 2018 | $250M | $1.70B | DST Global |
| RefleXion Medical Supply Manufacturers | 4 Apr 2018 | $100M | not disclosed | TPG |
| Health Care Services | 25 Apr 2018 | $74M | not disclosed | Princeville Global and Goldman Sachs |
| Medical Supply Manufacturers | 26 Apr 2018 | $70M | not disclosed | Deerfield |
| Biotechnology | 12 Apr 2018 | $65M | not disclosed | CMB International Capital Corporation |
| Tech Companies | 4 Apr 2018 | $54M | not disclosed | Sofina and Burda Principal Investments |
| SiFive Electronical Components Manufacturing | 2 Apr 2018 | $51M | not disclosed | Sutter Hill Ventures and Spark Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Checkr raise in its Series C round?
Checkr raised $100M in its Series C round, announced in Apr 2018.
Who led Checkr's Series C round?
T. Rowe Price led it, with Accel and Y Combinator.
What was Checkr's valuation at the Series C round?
It was not disclosed.
Did Checkr raise again after this round?
Yes: a Series D round in Sep 2019 of $160M at $2.20B post-money.