Checkr Raises $250M in Series E

Checkr has successfully raised $250M in a Series E at a $5B valuation led by Coatue, T. Rowe Price, Durable Capital Partners, Y Combinator, Accel, IVP, Tiger Global.

Company Overview

Checkr is a HR Tech company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2014 with 800+ employees.

Background check platform

Fundraising Details

Amount Raised: $250M
Round Type: Series E
Valuation: $5B
Date: 2024-09-15
Investors: Coatue, T. Rowe Price, Durable Capital Partners, Y Combinator, Accel, IVP, Tiger Global

About Checkr

Background check platform The company is positioned in the HR Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 548 Market Street, San Francisco, CA 94104
Founded: 2014
Team Size: 800+
Industry: HR Tech

What This Means

This funding round demonstrates strong investor confidence in Checkr's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The HR Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Checkr's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $5B valuation marks an important milestone for Checkr, positioning the company among notable players in the HR Tech industry.

Looking Ahead

With this new capital, Checkr is well-positioned to execute on its growth strategy and continue building innovative solutions in the HR Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-15. For more information about Checkr, visit their headquarters at 548 Market Street, San Francisco, CA 94104.