Checkr Reaches $4.6 Billion Valuation With New Funding Round

Checkr, a technology platform for employment background checks, has raised $250 million in a financing round that more than doubles its valuation from earlier this year.

The San Francisco-based company is valued at $4.6 billion with the new funding, according to a statement. The company said previously that it was valued at $2.2 billion.

Durable Capital led the round, with new investors Fidelity Management & Research Co. and Franklin Templeton, according to the statement. All major current investors participated in the round, including BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator.

Checkr, which ...