Checkr is seeking to raise up to $175 million in Series D funding, PitchBook has learned. The new round would vault the company to unicorn status with a valuation of up to $2.275 billion, per a PitchBook estimate—more than double the $900 million valuation it reached just last year.
Final terms and details of the financing have not been announced and are subject to change. The company has not yet responded to a request for comment.
Founded in 2014, the San Francisco-based startup is the developer of a platform that automates background checks and screening processes for new hires, including searches for social security number validation, address history and sex offender listings. It counts Uber, Instacart, Lyft and Zillow among its clients.
Checkr has pulled in $149 million in total funding from investors including Accel, GV and IVP. Here's a look at Checkr's fundraising and valuation history, per the PitchBook Platform:
Oct. 2014: $9M round | $34M valuation
March 2016: $40M | $350M
April 2018: $100M | $900M
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Scoop: Checkr seeks up to $175M at unicorn valuation
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