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Checkr grabs $9 mln Series A

Checkr has secured $9 million in Series A funding. Accel Partners led the round. Based in Sunnyvale, Calif., Checkr provides automated background screenings.

PRESS RELEASE

San Francisco, CA – October 14, 2014 – Checkr, the disruptive company automating background screenings and driving records, today announced that it has raised a $9 million Series A round led by Accel Partners. Checkr is filling a massive need by on-demand service companies that demand an improved and modernized process for vetting and on-boarding new workers, in less time.

Checkr was incubated in the Y-Combinator Summer 2014 class and co-founded Daniel Yanisse and Jonathan Perichon. The technology was created because the founders could not find a modern API to run background checks for drivers it hoped to recruit while working for an on-demand delivery startup.

The company has seen rapid growth since launching in April, signing nearly 50 on-demand industry clients, including Homejoy, iCracked, Instacart and Doordash. Through Checkr, companies automate and expedite the background check process by utilizing technology as part of existing workflows. Clients quickly sign up and screen candidates through an online form or via its REST API, which connects with their own hiring systems.

Rich Wong, partner at Accel Partners, joined the company’s board of directors. Other investors include Khosla Ventures, SVAngel, Data Collective, Google Ventures, Bobby Yazdani as well as angel investors such as Elad Gil, Wesley Chan, Scott Banister, Joshua Schachter, David Spector, Paul Bucheit, Kevin Hale, Qasar Younis, Ilya Sukhar and Tikhon Bernstam.

“The immediate demand for Checkr from dozens of the leading on-demand service companies validates the need for a service that streamlines the background check process,” said Yanisse, Checkr co-founder. “Our goal is to provide infrastructure that will help power and secure the on-demand ecosystem, which as we’ve already seen through many of our clients, is and will continue to be a disruptive force in the global economy.”

“Checkr offers a much-needed remedy for the booming on-demand and sharing economy by ensuring the quality and reliability of its contract workforce. In many ways, Checkr fits into this API Economy by offering a more modern solution to an aging, burdensome industry,” said Wong. “With Checkr, companies streamline the background check process and gain certainty that the people they hire are fully vetted, with ‘clean’ backgrounds.”

Industry Data
• 53 million Americans – 34 percent of the US workforce work as independent contractors (Harvard Business Review)
• 29 percent increase in “nonemployer businesses” between 2002 to 2012 (Harvard Business Review)
• The freelance workforce adds $715 billion annually to the economy (“Freelancing in America” survey)

Checkr offers multiple packages, with standard reporting through premium and bulk reporting options. Its reports provide information about social security number validation, address history, sex offender searches, terrorist watch lists, national and county criminal searches. Checkr can also provide driving records for companies hiring drivers.

For more information, or to see how easy it is to automate background checks for your company, visit www.checkr.io.

About Checkr
Checkr provides both online access and an API that returns automatically generated background checks. Checkr uses the same data sources as traditional background check companies, but enables customers to access the reports in less time than traditional providers. For more information, visit www.checkr.io.

About Accel Partners
Founded in 1983 and based in Palo Alto, CA, Accel Partners has a long history of partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel has helped entrepreneurs build more than 300 successful technology companies, many of which have defined their categories, including AdMob, AirWatch, Atlassian, Braintree, Campaign Monitor, Cloudera, Couchbase, Dropbox, Etsy, Facebook, Fusion-IO, Groupon, Hootsuite, Kayak, Lookout, MoPub, Nimble Storage, Opower, OzForex, QlikTech, Qualtrics, Real Networks, Riverbed, Rovio, SeatGeek, Spotify, Squarespace, SuperCell, Trulia and VSCO.