Funding round
Checkr Series E
Checkr, which works in employee background screening services in San Francisco, raised $250M in a Series E round announced on 1 Sep 2021, led by Durable Capital Partners, at a $4.60B post-money valuation. 10 firms took part, 7 of them already investors. It is Checkr's fifth venture round on record; the one before was a Series D in Sep 2019.
$250M
Amount raised
$4.60B
Post-money valuation
$4.35B pre-money
10
Investors
1 lead
2.1x
Step-up from the Series D
$2.20B in Sep 2019
5.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Checkr at $4.60B after the new money, 2.1 times the $2.20B of its Series D (Sep 2019). The $250M bought investors about 5.4% of the company. It came 24 months after Checkr's Series D. It is 45% of the $559M Checkr has raised in the venture rounds on record. No later venture round is on record for Checkr.
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 18 Sep 2019, led by T. Rowe Price Associates, Inc. $160M$2.20B post-money
- Series E this round 1 Sep 2021, led by Durable Capital Partners $250M$4.60B post-money
Investors
Who put money in
Durable Capital Partners led the round with 9 other firms. BOND, Khosla Ventures, Institutional Venture Partners and T. Rowe Price and 3 more had backed Checkr before.
Lead investor
- Durable Capital Partners backs 39 venture-backed companies new investor
Also in the round
- Fidelity Management & Research Company LLC new investor
- Franklin Templeton new investor
- BOND backs 91 venture-backed companies existing investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- T. Rowe Price existing investor
- Coatue backs 229 venture-backed companies existing investor
- 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 E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kavak Hosting & Cloud Infrastructure Providers | 22 Sep 2021 | $700M | $8.70B | General Catalyst |
| Mirakl Tech Companies | 21 Sep 2021 | $555M | $3.50B | Silver Lake |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| Konfío Loans & Financing | 29 Sep 2021 | $235M | $1.30B | Tarsadia Capital and QED Investors |
| Coalition Insurance - Agents, Carriers & Brokers | 28 Sep 2021 | $205M | $3.50B | Durable Capital Partners and T. Rowe Price Associates |
| Employment Agencies & HR Consulting | 29 Sep 2021 | $200M | $1.50B | SoftBank Vision Fund and SoftBank |
| Tech Companies | 8 Sep 2021 | $200M | $2.00B | Technology Crossover Ventures |
| Tech Companies | 15 Sep 2021 | $150M | $1.50B | General Atlantic |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Checkr raise in its Series E round?
Checkr raised $250M in its Series E round, announced in Sep 2021.
Who led Checkr's Series E round?
Durable Capital Partners led it, with Fidelity Management & Research Company LLC, Franklin Templeton, BOND, Khosla Ventures and Institutional Venture Partners and 4 more.
What was Checkr's valuation at the Series E round?
$4.60B post-money ($4.35B pre-money).