Background Checks Pay For Checkr, Which Just Rang Up $100 Million In New Funding !!EXCLUSIVE!!
Uber conducts its background checks using a startup called Checkr, which also separately announced on Thursday it raised $100 million in new funding. In a press release, Checkr also named Lyft, Uber's biggest US competitor, as a customer.
Background checks pay for Checkr, which just rang up $100 million in new funding
Checkr announced a $100 million funding round last year led by T. Rowe Price, Accel, and Y Combinator, bringing its total funding to about $150 million. The 180-person company says it runs more than a million background checks a month.
Checkr uses software to search through online county records and conducts in-person research when required to perform background checks. As of 2019, Checkr runs over 1.5 million background checks per month.
Uber, Lyft, Postmates, Doordash, GrubHub and Instacart use Checkr to screen their workers. It does more than 1 million checks a month for 10,000-plus customers, specializing in criminal background checks and driving records. It vets workers when they are hired; for some companies, including Uber and Lyft, it reruns checks annually.
Why it's hot: This year, DevOps, which combines development and operations, is a huge jackpot for investors. NPM is one of these startups that has been benefiting from this boom, and in just the last four years, it has already raised almost $19 million.
Why it's hot: Founded by ex-Facebookers who spent years managing the social media giant's online data and search infrastructure, Rockset just came out of stealth with $21.5 million in funding from the top-tier Silicon Valley venture firms Greylock Partners and Sequoia Capital.
Established company that has raised over $500 million from financiers like T. Rowe Price, Accel and Y Combinator. They most recently raised a $120 million "Series E" round. Checkr automates and speeds up the process of professional background checks. They were founded in 2014.
DoorDash requires all delivery drivers to go through a background check before being approved to deliver for DoorDash. They use a third-party service called Checkr, which runs the background check and sends the information to DoorDash. Checkr is a common background check service that almost every gig economy app uses to run background checks.