San Francisco – October 1, 2019 – Cooley advised Checkr on its $160 million Series D financing, which brought the background check company’s valuation to $2.2 billion. Partners Bradley Libuit and Jon Avina led the Cooley team advising Checkr.
T. Rowe Price Associates led the round, which also included participation by Bond, Coatue and long-time investors Accel, Y Combinator and IVP.
“We believe in a better future where companies use data fairly and accurately to expand access to job opportunities for workers from diverse backgrounds,” said Checkr co-founder and CEO Daniel Yanisse in a news release. “By bringing Checkr into new markets and building new hiring products, we can help more companies and workers around the world adapt to the future economy.”
Checkr uses artificial intelligence and machine learning to make hiring more inclusive and efficient. Its platform makes it easy for thousands of businesses – including Uber, Jet, PrideStaff and Postmates – to hire millions of people every year at the speed of the gig economy. Since its founding in 2014, Checkr has processed more than 42 million background checks.
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