Checkr, the US-based background checking service that counts diversified conglomerate Alphabet among its shareholders, is looking to raise at least $30m in series B funding, Techcrunch reported yesterday.
The round, which has not been officially confirmed by the company, is reportedly being led by accelerator Y Combinator through its Continuity Fund. Angel investors David Spector and Elad Gil have also committed capital to the round, which is said to value Checkr at more than $250m.
Founded in April 2014, Checkr develops software that enables US businesses to screen potential employees, contractors or tenants by searching databases covering social security, the national sex offenders register, national and county criminal records, and driving history.
Checkr graduated from Y Combinator as part of its August 2014 cohort, receiving $120,000 in seed funding. It closed a $9m series A round in October 2014 led by Accel Partners and backed by Alphabet’s corporate venturing arm Google Ventures, Khosla Ventures, SV Angel, Data Collective and various angel investors.