Checkr, a San Francisco CA-based HR technology company, raised $250M in Series E funding, valuing it at $4.6 billion.
The round was led by Durable Capital, Fidelity Management & Research Company LLC and Franklin Templeton with participation from BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator.
The company, which has raised $550m to date, intends to use the funds to expand operations and its business reach.
Led by Daniel Yanisse (CEO), Checkr provides HR technology that initiate and review background checks. The company leverages automation to process over 30 million background checks annually using artificial intelligence to make them faster, easier, more accurate and compliant. Its API first products support tens of thousands of customers in a variety of hiring use cases.
Customers include Lyft, Instacart, Netflix, Adecco, Airbnb, Drift, Coinbase and more than tens of thousands of customers from SMBs to Fortune 500 employers.