Automated background screenings and driving records
What they do: Checkr provides a quicker and easier way to do background checks. They have automated the screening process through their mobile friendly web forms and an API that can be easily integrated into existing workflows. Why it’s a big deal: The on-demand economy is growing, and more companies are hiring independent contractors to meet staffing needs. Checkr can return background checks and driving records for candidates much quicker than traditional firms, most within 24 hours. They have reduced the time-consuming, manual process into one simple API that can be integrated in minutes.
Prior to this latest round, Checkr had raised just over $9 million from a long list of angel investors, as well as larger VCs like Google Ventures and Accel, with the latter leading the company’s previous round.
Normally, these companies would have to hire a team to compare potential hires’ identities against watch lists and criminal records....“With Checkr, that whole function has been reduced to an API,” Natarajan says. Instead of recreating something done better elsewhere, “You can dedicate 100% of your efforts to the 1% that is going to differentiate a product.”
Checkr's background reports can be ready anywhere between a few hours and a couple of days, though most are ready within 24 hours. Its background checks include address history, sex-offender searches, and social-security number verification, in addition to checking applicants' names against terrorist watch lists and crime databases. If a company is hiring drivers, Checkr can also do a driving record check.
A new company, Checkr, has raised $9 million in a Series A led by Accel to deal with one part of that equation: Background checks. It services the on-demand and sharing economy industries, billing itself as a “Stripe” for background checks.
“It’s a combination of the $4 billion [background check] market and the right technology approach,” said Accel Partners Partner Rich Wong, who led the Series A round. “I’d say 70% or so of the companies we invest in these days are all about software reducing inefficiencies and cutting expenses. Big data is finding patterns in things that humans can’t.”
The company has raised $9 million in funding led by Accel Partners, with Rich Wong joining the company’s board... Wong said Accel’s interest in Checkr was due to the company’s ability to provide an API in an industry that has been largely unchanged for several decades.
Since launching in April, the company has been focused on serving the on-demand space and has signed on around 40 clients, including companies like Instacart, Doordash, and Shyp. With them on board, it is processing about 1,500 background checks a month, and growing that number by about 25 percent a week.
July 24, 2014
Can you vouch for Daniel or Checkr?
Thanks for vouching for Daniel!
If you'd like to invest in Daniel, please open an account. We'll waive your fees if you do it now.
Wefunder has invested over $113 million in hundreds of startups. We accept under 3% of applicants, and only consider those who provide references.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 227 startups
Wefunder Advisors LLC
for 98 startups
for 1 startup
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 310,374 investors who funded 313 startups with over $113 million1
wefunder.com/checkr is managed by
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
You may also view our Privacy Notice.
Wefunder, Inc., Wefunder Advisors LLC, and Wefunder Portal
LLC do not review user-generated content beyond what's
required by US law. Some user-generated content, including investor
biographical information, may not be accurate.