The compliance-focused background screening solutions provider, Checkr, has recently announced $100 million secured in a Series C funding round from accounts operated by T. Rowe Price Associates Inc. as well as the previous investors Y Combinator and Accel. The firm additionally mentioned a trio of new high-profile clients: Adecco, Allstate, and Lyft.
CEO of Checkr, Daniel Yanisse, CEO, Checkr, discussed the newfound capital:
"Today’s investment allows us to help the enterprise sector be successful in this new world of work by modernizing their background screening practices, optimizing their hiring to attract the talent they need."
Additionally, Checkr will be working on the growth of its AI capabilities in regards to background checking, analysis, accuracy, and speed.
Henry Ellenbogen, the portfolio manager for the T. Rowe New Horizons Fund, talked strategy behind the decision-making:
"Their technology allows for more transparency, speed, and fairness, both to companies and to workers. We believe Checkr’s high-quality leadership team has made impressive traction in the industry and that they can build a much larger company over time."
The company affirms that its mission, above all, is to facilitate "a prejudice-free future by understanding past scenarios". That's why their background-checking technology assists companies, no matter the size, analyze and make better informed decisions regarding their workforce dynamics and create a healthier ecosystem for all staff and workers involved.
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