Checkr raises $250 Million at $4.6 Billion Valuation for Background Check Industry

Checkr is the platform that assists companies in checking the background of potential employees. It improves the process of hiring, making it more effective and fairer.

The funding round was led by Durable Capital along with investors Fidelity Management & Research Co. and Franklin Templeton. All the already participated investors continued their fundings in the recent round – BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel, and Y Combinator. The funding increased the valuation of the company twice. Now, Checkr plans to pursue acquisitions.

Checkr was launched in 2014 by engineers Daniel Yanisse (now – CEO) and co-founder Jonathan Perichon. Using the platform, an employer can check a candidate for criminal records, drug screening, and education verification. In total, the company completes approximately 30 million background checks per year. As the world goes online more and more, the company also focuses on digital hiring.

My vision for the future, over next five to 10 years, is really to continue to build more infrastructure for hiring in the future of work” Daniel Yanisse said.

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