Checkr, the company conducting background checks on gig economy workers, has just announced the closure of a $160m equity funding round.
The new round brings Checkr’s valuation up to $2.2bn. Funds and accounts advised by T. Rowe Price Associates led the round. The investment firm also supported car retailer Vroom’s $76m Series F round in 2017.
Other investors participating in the round included venture capital firm Accel and seed accelerator Y Combinator. Both of those also contributed to Checkr’s $100m round in 2018. Accel has recently also invested in cybersecurity firm Snyk and risk assessment platform developer Middesk.
“We first invested in Checkr because of our belief in the potential of the founders, and the opportunity to disrupt this category with an API-first approach,” said Rich Wong, partner at Accel. “In a short time, Daniel Yanisse and the Checkr team have become a critical player in the changing landscape of work, and at a faster face than I could have expected. We’re proud to be supporters of Checkr as they continue to expand and further transform the approach to hiring.”
Checkr will use the money to expand the functionality of its platform, improve accuracy and fairness while creating new products to better serve customers. It will also develop new international capabilities to align with the expansion plans of our customers operating globally.
“With consumer’s consent and control of their data, we believe in a better future where companies use data fairly and accurately to expand access to job opportunities for workers from diverse backgrounds,” said Daniel Yanisse, co-founder and CEO of Checkr. “By bringing Checkr into new markets and building new hiring products, we can help more companies and workers around the world adapt to the future economy.”
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