Checkr, a US-based start-up that delivers information on new hires to businesses, has raised $9m from investors including Google Ventures, the Wall Street Journal reported on Tuesday.
Google Ventures, the corporate venturing arm of internet company Google, was joined by Accel Partners, which led the round, Khosla Ventures, SV Angel, Data Collective and a host of angel investors.
Checkr will use the funds to hire more engineers and expand its application programming interface (API) to connect to more companies’ hiring systems. Checkr has about 50 customers using its API so far.
Rich Wong, a partner at Accel Partners, told the WSJ: “It’s a combination of the $4bn market and the right technology approach.
“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.”
Checkr, founded in April of this year, takes its data from public and private data sources and delivers results to employers in two days. Each report costs $25 to $35.
Checkr graduated from the Y Combinator accelerator in August, from which it received a $120,000 seed investment.