March 2020 Summaries

We are thrilled to announce that Checkr has raised $100 million in Series C funding led by T. Rowe Price Associates, with participation from existing investors Accel and Y Combinator, to help customers hire great people faster. Since its founding, Checkr has been focused on providing fast and unbiased background checks while championing fair chance hiring for the millions of Americans with a criminal record. With this investment, Checkr plans to expand into new industries such as staffing and retail, modernize screening practices for companies like Adecco, Allstate, and Lyft, and boost its technology by furthering the use of artificial intelligence and machine learning within its platform. The funding will also enable Checkr to nearly double its employee headcount in 2018, aiming to hit a five percent fair chance hiring goal at the end of the year. This milestone marks an important step towards building a better future for workers through fair chance employment opportunities.

The staffing industry is facing increasing pressures, making it imperative for firms to invest in new technologies that will advance their growth and differentiate them from competition. Digital transformation can help businesses remain competitive and 83% of recruiters say digital transformation could be beneficial for their business. Many staffing firms have been operationalizing their digital transformation strategies by investing in modern recruiting technology such as Bullhorn, but background checks were often the bottleneck. Checkr is addressing these concerns with its partnership with Bullhorn, providing a consumer-like experience built to enhance the Bullhorn experience, conquering compliance challenges, and promoting transparency and self-service where it counts. By integrating with Checkr, Bullhorn customers can speed up time to placement, conquer compliance challenges, and gain greater situational awareness, ultimately making faster decisions for their firm and clients.