Funding round
Checkr Series D
Checkr, which works in employee background screening services in San Francisco, raised $160M in a Series D round announced on 18 Sep 2019, led by T. Rowe Price Associates, Inc., at a $2.20B post-money valuation. 6 firms took part, 4 of them already investors. It is Checkr's fourth venture round on record; the one before was a Series C in Apr 2018.
$160M
Amount raised
$2.20B
Post-money valuation
$2.04B pre-money
6
Investors
1 lead
7.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Checkr at $2.20B after the new money. The $160M bought investors about 7.3% of the company. It came 17 months after Checkr's Series C. It is 29% of the $559M Checkr has raised in the venture rounds on record. Checkr raised again 24 months later: a Series E round of $250M in Sep 2021, at $4.60B 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 12 Apr 2018, led by T. Rowe Price $100M
- Series D this round 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 Associates, Inc. led the round with 5 other firms. T. Rowe Price Associates, Inc., Accel, Y Combinator and Institutional Venture Partners had backed Checkr before.
Lead investor
- T. Rowe Price Associates, Inc. existing investor
Also in the round
- BOND backs 91 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Accel backs 581 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing investor
- Institutional Venture Partners backs 109 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 D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Automobile Dealers & Manufacturers | 3 Sep 2019 | $250M | not disclosed | CNH Industrial N.V. |
| QuintoAndar Real Estate - Agents & Managers | 9 Sep 2019 | $250M | $1.00B | SoftBank |
| Rebel Foods Tech Companies | 23 Sep 2019 | $125M | $525M | Sequoia Capital and Sequoia Capital India |
| Furniture Stores | 17 Sep 2019 | $110M | not disclosed | SoftBank |
| Tipalti Payment Processing & Point of Sale | 24 Sep 2019 | $76M | not disclosed | Zeev Ventures |
| Loans & Financing | 5 Sep 2019 | $70M | $495M | CMFG Ventures, LLC |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Checkr raise in its Series D round?
Checkr raised $160M in its Series D round, announced in Sep 2019.
Who led Checkr's Series D round?
T. Rowe Price Associates, Inc. led it, with BOND, Coatue, Accel, Y Combinator and Institutional Venture Partners.
What was Checkr's valuation at the Series D round?
$2.20B post-money ($2.04B pre-money).
Did Checkr raise again after this round?
Yes: a Series E round in Sep 2021 of $250M at $4.60B post-money.