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Checkr, a San Francisco-based company that creates APIs enabling employee background checks, is raising the amount at a valuation between $250m and $300m - bringing the total amount raised to $50m since being founded in 2014.
The round is being led by the Y Combinator Continuity Fund, with participation from Institutional Venture Partners, Accel and others.
Daniel Yanisse, Checkr’s French CEO and co-founder, tells us that Checkr — which is already profitable from existing operations — will be using the money to continue building out its products, forging new partnerships, and going after new markets outside of the tech world. That requires not just a bigger sales team, but also technology to make its checking software more intelligent and integrate better with the legacy systems that many of these older companies use to manage their HR.
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