Checkr, a San Francisco, CA-based software solution for background screening and verifications, raised $40M Series B round of funding.
The round was led by the Y Combinator Continuity Fund, with participation from Institutional Venture Partners and Accel Partners.
The company intends to use the funds to expand its offering to service a wider variety of companies, including peer-to-peer commerce and marketplace businesses, as well as larger enterprises.
Launched in 2014, Checkr provides a background check service for on-demand business companies to get access to a compliant employee screening solution that helps talent acquisition and management processes via tools to improve the application experience and onboarding process, reduce onboarding time and increase transparency of background checking process.
The solution is used by over 3,000 companies including Uber, Warby Parker, Instacart, GrubHub, and DoorDash, which process over 300,000 checks per month.