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Checkr secures $160M in latest funding round

Checkr Inc. raised about $160 million in an equity funding round led by funds and accounts managed by T. Rowe Price Associates Inc.

Bond, Coatue Management LLC and existing investors Accel, Y Combinator and Institutional Venture Partners also participated in the round.

The background check specialist will use the capital to broaden its platform's functionality, to enhance its technology's accuracy and fairness, and to develop international capabilities in line with its global customers' expansion plans.