Fundraising Fox

Checkr

Unicorn · $5BYC S14YC Top Company

San Francisco, US · Founded 2014 · Delaware corporation · 800 employees · Hiring · 17 known investors

Checkr provides background verification and fraud detection services for hiring, loan approvals, insurance, and tenant screening decisions. The platform uses AI to process and analyze fragmented data to deliver verification insights across multiple industries.

Also known as Checkr, Inc.

Founders & leadership· Y Combinator alumni (S14)

Checkr was founded in 2014 by Daniel Yanisse and Jonathan Perichon.

DYDaniel Yanisse
Daniel Yanissein𝕏Co-founder & CEODaniel Yanisse worked as a software engineer at several early-stage companies before founding Checkr in 2014.
JPJonathan Perichon
Jonathan PerichoninCo-founderHe previously worked as an engineer at on-demand delivery startup Deliv, where he and co-founder Daniel Yanisee identified inefficiencies in the background check industry.

Board

AR
Ali RowghaniBoard director
RWRichard Wong
Richard Wongin𝕏Board of DirectorsPartner at Accel

Investors · 17

Also in the syndicate · 1

BOND Capital

Reported raises · per SEC filings

Form D private placements

$488.6M disclosed across 3 rounds · 2018–2021

$250MraisedSep 2021 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ali RowghaniDirector
  • Daniel YanisseExecutive Officer, Director
  • Jonathan PerichonExecutive Officer, Director
  • Richard WongDirector
  • Ingrid LestiyoDirector
  • Marcus RyuDirector
  • Naeem IshaqExecutive Officer
  • Jennifer YehExecutive Officer
  • Todd FreedmanExecutive Officer
Offering amount
$250M
Amount sold
$250M
First sale
Aug 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$160.6MraisedSep 2019 · 24 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Marcus RyuDirector
  • Richard WongDirector
  • Ali RowghaniDirector
  • Daniel YanisseExecutive Officer, Director
  • Jonathan PerichonExecutive Officer, Director
Offering amount
$175M
Amount sold
$160.6M
First sale
Sep 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$78MraisedApr 2018 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Daniel YanisseExecutive Officer, Director, Promoter
  • Ali RowghaniDirector
  • Richard WongDirector
  • Jonathan PerichonExecutive Officer, Director, Promoter
Offering amount
$100M
Amount sold
$78M
First sale
Apr 2018
Incorporated
Corporation, Delaware, 2014
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$4.6Bvaluation at Series ESep 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

The YC application· Summer 2014 batch

Alumni Q&A

How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
Founders Daniel Yanisee and Jonathan Perichon met while working as engineers at the on-demand delivery startup Deliv, where they observed that the background check process was slow and tedious, delaying hiring for gig-economy companies. They built Checkr as an API-first platform combining human review and AI to speed up background checks, with a stated focus on reducing bias against applicants whose past records did not affect their ability to do the job.
How did you decide to apply to Y Combinator? What was your experience applying, going through the batch, and fundraising at demo day?
Daniel had regarded Y Combinator highly since his time in Europe and saw it as a way to move from engineer to founder, a view he shared with co-founder Jonathan Perichon; they applied after attending several YC events and were accepted. The founders describe the batch as formative, and Daniel cites investor introductions at a demo day held at the Computer History Museum as important to the company's early fundraising.

Summarized from the founders' answers on their Y Combinator profile.

Company profile

researched Aug 2026

Checkr is a San Francisco-based technology company that provides background checks and identity, income, employment and asset verification through an API-first platform combining automation and AI with human review. The company describes itself as building "people infrastructure for the future of work," and positions its product as a verification platform for high-stakes decisions.

The platform is organized around five use cases: Workforce (employment background checks emphasizing speed, accuracy and compliance); Mortgage (automated income, employment and asset verification for lenders); Tenant (consolidated criminal-history and income screening reports for landlords, delivered in minutes rather than the stated 48-72 hour industry average); Trust (sub-second API access to criminal, identity and driver intelligence for insurance underwriting, car rental and marketplace trust-and-safety use cases); and Personal (a consumer-facing verified profile with identity confirmation, safety check and credential validation that individuals can share with employers, landlords and platforms). Checkr states it has mapped 260M+ real identities covering 96% of US adults and reports an NPS above 60. In 2021 the company said it processed over 30 million background checks annually.

Checkr also operates Checkr.org, its corporate foundation, which focuses on fair chance hiring for justice-impacted individuals and on funding technology and partnerships aimed at preventing fraud, abuse and exploitation.

Founding story

According to Y Combinator, co-founders Daniel Yanisse and Jonathan Perichon were engineers at the on-demand delivery startup Deliv, where they observed that the background check industry was slow and manual at a time when the on-demand economy was expanding rapidly, particularly slowing hiring for companies with flexible, gig-based workforces. They set out to streamline the process without sacrificing accuracy and founded Checkr in 2014, going through Y Combinator's Summer 2014 batch after Yanisse—previously based in Europe—viewed YC as a route from engineer to founder. Early interactions with job applicants, including candidates rejected for records unrelated to the job at hand, shaped the company's stated fair-chance mission. Forbes notes that Yanisse's parents had to repeat medical school after emigrating from Communist Romania to France because their degrees were not recognized, framing the company's focus on unblocking employment opportunities.

Business model

Checkr sells verification and background screening to businesses, ranging from self-serve signup for small volumes to enterprise agreements; the signup flow segments customers by use case (hiring employees, personal use, tenant screening, mortgage lending, risk/trust and safety) and by annual check volume from 1-10 up to 1,000+. A third-party research profile characterizes the model as subscription fees for background check offerings with a product-led motion moving from free trial to enterprise deals plus upsell of additional services and partnerships; this characterization is from an aggregator rather than the company.

Revenue is generated from business customers purchasing background checks and verification products, with volume-tiered self-serve and enterprise sales motions [0][3]. A third-party profile describes subscription fees as the primary revenue mechanism and estimates annual revenue in the $250M-$500M range [5]; Checkr itself stated in 2021 that it was profitable at a scale of several hundreds of millions of dollars of revenue per year [4].

Traction

Company-reported figures: 140,000+ businesses on the platform, 260M+ identities mapped covering 96% of US adults, NPS above 60, and (as of 2021) over 30 million background checks processed annually with sustained profitability. Forbes reported more than 100,000 customers and 750 employees as of September 2025; Y Combinator lists a team size of 800 and a third-party research page estimates 1,085. Customer references span gig platforms (Lyft), mortgage lenders (Pennymac, Virginia Credit Union), hospitality (Kimpton), and technology (Verkada), with Forbes additionally naming OpenAI, FIFA and DoorDash.

Latest developments

Checkr's website prominently announces the acquisition of Truv, with a linked announcement post; the site now presents a five-segment platform covering Workforce, Mortgage, Tenant, Trust and Personal verification. Forbes reported in September 2025 that the company was valued at $5 billion with more than 100,000 customers and 750 employees. Open roles in identity risk solutions, mortgage, verifications and an internal incubator indicate continued product expansion beyond core employment screening.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Checkr is described by Forbes as a background check software company valued at $5 billion with more than 100,000 customers as of September 2025, and by its own site as serving 140,000+ businesses. In 2021 it reported processing over 30 million background checks annually and being profitable at several hundred million dollars in annual revenue. A third-party research profile places it in HR Services with Series E funding. The company markets itself against incumbent background check vendors on accuracy, speed and compliance.

Checkr's stated differentiators are an API-first architecture combining AI automation with human expert review, breadth of coverage across a single platform spanning employment, mortgage, tenant, trust/safety and consumer-facing verification, and a large mapped identity dataset. Marketing claims include finding more criminal records than other major providers in head-to-head tests, faster turnaround than prior vendors for 97% of customers, tenant reports in about four minutes versus a 48-72 hour industry average, and a 75% mortgage verification completion rate versus a stated 48% industry average. The company also emphasizes fair chance hiring products such as an expungement solution and operates Checkr.org as a related foundation.

Technology

Checkr operates an API-first platform that applies artificial intelligence and automation to fragmented records data, paired with human expert review, to return background check and verification results. Capabilities cited include criminal record search, identity verification, driver/license status and MVR-related intelligence delivered through a single API in under a second, and automated income, employment and asset verification for mortgage lending. The company reports a database of 260M+ mapped identities covering 96% of US adults and claims 99.95% accuracy on mortgage verifications. Job listings reference engineering teams for identity risk solutions, mortgage, verifications and an incubator.

Go-to-market

Checkr combines self-serve online signup segmented by use case and check volume with a direct "talk to sales" enterprise motion, and integrates with customer systems such as HRIS platforms. Marketing emphasizes head-to-head accuracy comparisons, turnaround-time advantages (97% of customers say turnaround beats their prior vendor), compliance risk reduction (78% of customers), and cost savings for lenders (up to 50%). Customer testimonials from talent acquisition, people operations, legal and mortgage fulfillment leaders are used as proof points across hiring, mortgage, tenant and trust segments.

Employers of all sizes hiring employees, freelancers/contractors and volunteers; mortgage lenders and credit unions; landlords and property managers screening tenants; insurance carriers, car rental operators and online platforms/marketplaces needing risk and trust signals; and individual consumers running checks on themselves or on nannies, home service providers and people met online. Named customers and references include Lyft, Pennymac, Verkada, Kimpton Hotels & Restaurants, Virginia Credit Union, Adventure Nannies, Purple and Genuine Foods, with Forbes and company materials also citing OpenAI, FIFA, DoorDash, Instacart, Adecco, Airbnb, Drift and Coinbase.

Geography

Headquartered in San Francisco, California, United States. Job postings list roles in San Francisco and Denver, Colorado, plus remote (US) positions. Product metrics and coverage claims are US-focused, including identity coverage of 96% of US adults.

History

Checkr was founded in 2014 in San Francisco and participated in Y Combinator's Summer 2014 batch. In September 2021 it announced a $250 million Series E at a $4.6 billion valuation, bringing total funding to $550 million at that time, and stated it had achieved and maintained profitability while operating at a scale of several hundred million dollars of annual revenue. A third-party research page reports a further Series E dated April 14, 2022 and cumulative funding of $680 million across eight rounds. In February 2022 the company announced Checkr.org, its corporate foundation. Forbes, as of September 2025, reported a $5 billion valuation, more than 100,000 customers and 750 employees. The company's website currently announces an acquisition of Truv and describes an expanded platform spanning workforce, mortgage, tenant, trust and personal verification.

Risks & controversies

No controversies, litigation or regulatory actions are described in the available sources. The sources do note that Checkr operates in a regulated background screening market where compliance is a core buying criterion, and a third-party research profile references the need to navigate regulatory complexities. Source figures for headcount (750 per Forbes, 800 per Y Combinator, 1,085 per a third-party aggregator) and total funding ($550 million per the company in 2021 versus $680 million per an aggregator) are inconsistent.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Background checks processed annuallySep 202130,000,000 checks per year
Borrower coverage (mortgage)Jan 202697%
Business customersJan 2026140,000 customers
CustomersSep 2025100,000 customers
EmployeesSep 2025750 employees
HeadcountAug 20261,835
Identities mappedJan 2026260,000,000 identities
Mortgage verification accuracyJan 2026100%
Mortgage verification completion rateJan 202675%
Net Promoter ScoreJan 202660 NPS
Number of funding roundsApr 2022$8
Revenue range (third-party estimate)Jan 2026$250M - $500M
Team size (third-party estimate)Jan 20261,085 employees
Team size (YC profile)Jan 2026800 employees
Total funding raisedApr 2022$680M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Checkr photo

8 people who came through Checkr went on to found or lead other companies.

+ 1 more

Competitors · 6

by search overlap
Accurate3939 shared keywordsAccurate provides employment background screening and candidate check services for employers, offering a mobile-first platform, ATS integrations, and a background check API that support compliance with global data and privacy regulations. It serves large employers across industries such as healthcare, financial services, retail, transportation, energy, insurance, staffing, and technology worldwide.
Avvo3004 shared keywordsSeattle-based online legal marketplace with lawyer ratings, reviews and Q&A, acquired by Internet Brands in 2018.
First Advantage2988 shared keywordsFirst Advantage provides background screening and identity verification solutions to help companies hire and manage employees while mitigating risk. Its offerings include background checks, continuous monitoring, and identity fraud prevention across the employment lifecycle for employers.
Hireright2413 shared keywordsHireRight provides a unified global background screening platform for employment, offering verification, drug testing, motor vehicle records, and compliance workflows for high-volume hiring. It serves organizations of all sizes across multiple regions and integrates with 70+ applicant tracking systems.
Shrm2154 shared keywordsSHRM is a membership organization for human resources professionals, offering HR certifications, expert-led training, seminars, events, and research on workplace trends. It provides educational resources, networking through local chapters and regional councils, and data-driven insights for HR practitioners.
Disa2111 shared keywordsDISA provides employee screening and compliance solutions covering the full employee lifecycle, including background checks and drug and alcohol testing. It serves businesses of all sizes across industries such as transportation and education, integrating with common ATS/HRIS systems.

Companies competing with Checkr for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 3

launches, deals, and filings
Jan 2025
Checkr acquires Truv

Checkr's website announces the acquisition of Truv, with a linked announcement post. No terms disclosed in the source.

source ↗

Feb 2022
Launch of Checkr.org

Y Combinator news listing notes the announcement of Checkr.org, the company's corporate foundation focused on the fair chance movement; Checkr.org describes its mission as advancing economic mobility for justice-impacted people and countering fraud, abuse and exploitation.

source ↗

Sep 2021
Checkr raises $250 million Series E at $4.6 billion valuation

Round led by Durable Capital with new investors Fidelity Management & Research Company LLC and Franklin Templeton, plus participation from BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator. Company said total raised reached $550 million.

$250M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
CheckrDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Checkr do?
AI-powered background check and verification platform used by 140,000+ businesses for hiring, mortgage, tenant and trust decisions.
Who founded Checkr?
Checkr was founded by Daniel Yanisse, Jonathan Perichon in 2014.
Who are Checkr's investors?
Checkr's investors include Accel, Activant Capital, Coatue Management, DCVC (Data Collective), Earl Grey Capital, GV (Google Ventures), Industrious Ventures, IVP (Institutional Venture Partners) and 8 more.
How much funding has Checkr raised?
Checkr has disclosed $488.6M raised across 3 rounds.
Where is Checkr headquartered?
Checkr is headquartered in San Francisco, US.