Palo Alto – September 2, 2021 – Cooley advised Checkr, an HR technology company powering the future of work, on its $250 million Series E financing round, catapulting its valuation to $4.6 billion. Partner Calise Cheng led the Cooley team advising Checkr.
Durable Capital Partners led the round, which included participation from new investors Fidelity Management & Research Company and Franklin Templeton, as well as current investors Bond Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator.
“As the workforce becomes more flexible, people’s expectations are changing about where and how they work,” Daniel Yanisse, co-founder and chief executive officer of Checkr, said in a news release. “We are seeing a growing need for innovative technology to support a new way of identifying, onboarding, engaging and even delivering pay and benefits to workers. We plan to use the new funding to realize our vision to become the new infrastructure for the future of work and continue our mission to build a fairer future.”
Founded in 2014, Checkr designs technology to create opportunities for all through a faster and more fair way to screen job seekers. Many of the fastest-growing businesses in the world use Checkr’s technology to easily initiate and review background checks. The company has the goal to work with its customers to unblock 3 million candidates in 2021.
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