We are thrilled to announce that we've raised $100 million in Series C funding led by funds and accounts managed by T. Rowe Price Associates, Inc. with participation from existing investors Accel and Y Combinator. This is an important milestone for us, and we’re excited to put these funds to work to help our customers hire great people faster.
Since founding Checkr, we’ve been focused on providing fast, unbiased background checks, while championing a fairer future through fair chance hiring for the 70 million Americans with a criminal record. Now, four years laters, we’re running one million background checks per month for more than 10,000 customers and have helped these companies hire millions of people.
Broadening customer reach into new industries
With this investment, we’re accelerating our expansion into enterprise sectors, including staffing and retail, to help these high volume hiring industries compete in today’s growing landscape of flexible workers, where speed to hire is critical.
We’re excited to help companies like Adecco and Allstate and rideshare leader Lyft, modernize their screening practices for the new world of work, bringing speed, transparency and fairness to their hiring - and, ultimately, a better future for workers. These are just three recent examples of companies joining the ranks of thousands of others who rely on our background check platform to support their hiring needs.
Boosting our technology and our team
Today’s funding will also allow us to expand our background check technology, furthering the roles of artificial intelligence and machine learning within our core platform to increase speed, data insights and accuracy for our customers.
To help us achieve these goals, we will nearly double our employee headcount in 2018. We’ll be hiring across engineering and product to help expand our platform, sales and compliance to drive our enterprise growth, and many others. As part of our team growth, we are also striving to hit a five percent fair chance hiring goal at Checkr by the end of the year.
Even more to come
At the core of Checkr, we are deeply committed to building and supporting a better future for workers by allowing the overlooked to have a fair chance at employment and providing companies with the insights to find the best candidates for the job. With this funding, we’ll be able to continue this mission and help shape the future of this new world of work.
While it’s been an amazing four years, we’re just getting started. We can’t wait to share what’s next.