Check Valuation, Funding & Investors

Check is valued at $725M as of February 2022.

See full Check profile

Last Check valuation

$725M

Series C · Feb 2022

Last Check funding round

$75M

Series C · Feb 2022

Cumulative funding Check raised

$119M

across 4 funding rounds

Key investors in Check

  • Thrive Capital
  • Bedrock
  • Index Ventures
  • Stripe
  • Karman Ventures
  • Contrary

Check Overview

About Check

Check is a payroll platform enabling companies to embed payroll features into their software. The Chicago-headquartered service provides APIs and infrastructure for vertical SaaS providers in workforce management. Launched publicly in 2021, it supports partners serving businesses across the United States and is backed by Stripe, Thrive Capital, Index Ventures, and Bedrock.


Founded

2019

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$725M (Feb 2022)

Check Valuation

Check is currently valued at $725M, based on its Series C in February 2022.

The $75M round was led by Stripe, with participation from Index Ventures, Altman Capital, Bedrock, Mischief, Thrive Capital and 2 other investors.

Check valuation by funding round

Check valuation by funding round
DateStageValuation
Feb 2022Series C$725M

Check Funding History

Check has raised a total of $119M across 4 funding rounds.

Check's first fundraising round was a $1M seed round in January 2019. The most recent completed round was a $75M Series C in February 2022.

Check funding rounds

Check funding rounds
DateStageInvestorsRaisedValuation
Feb 2022Series CStripe (lead); Index Ventures; Altman Capital; Bedrock; Mischief; Thrive Capital; Contrary; Karman Ventures$75M$725M
Jan 2021Series BStripe (lead); Thrive Capital (lead)$35M-
Jan 2020Series ABedrock (lead); Index Ventures; Angus Davis; Connor Theilmann; Thrive Capital$8M-
Jan 2019SeedBedrock (lead)$1M-

Who has invested in Check?

10 investors have backed Check across its funding rounds, including Thrive Capital, Bedrock, Index Ventures, Stripe, Karman Ventures and Contrary.

Lead investors include Stripe, Thrive Capital and Bedrock.


Check Investors

Investors in Check by funding rounds participated
InvestorHQRoundsRoleFirst check
BedrockUnited StatesLos Angeles, CA3LeadJan 2019
Thrive CapitalUnited StatesNew York City, NY3LeadJan 2020
Index VenturesUnited KingdomLondon2ParticipantJan 2020
StripeUnited StatesSan Francisco, CA2LeadJan 2021
Angus DavisUnited StatesNew York City, NY1ParticipantJan 2020
Altman CapitalUnited StatesUnited States1ParticipantFeb 2022
Connor TheilmannUnited StatesLos Angeles, CA1ParticipantJan 2020
MischiefUnited StatesSan Francisco, CA1ParticipantFeb 2022

This data is available for Pro users. Sign up to see all 10 Check investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Check Competitors

Check competitors include listed companies like BILL.com and Corpay, and private ones like Zeller, Payhawk, Primer and Float Financial.

Public and private companies comparable to Check
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ZellerAustraliaMelbournePrivate$68M-$727M10.7x
PayhawkBulgariaSofiaPrivate$45M-$1B-
PrimerUnited KingdomLondonPrivate$4M-$425M106.3x
Float FinancialCanadaCanadaPrivate--$396M-
BILL.comUnited StatesUnited StatesPublicly listed$1.7B$34M$4.1B2.4x
CorpayUnited StatesUnited StatesPublicly listed$4.5B$2.4B$27B6.8x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cass Information Systems$182M-4.6x4.1x--
Digital Garage$263M$51M1.9x1.9x10.0x10.3x
PaySign$82M$16M8.3x6.4x43.3x20.7x
SLR Digital Finance$224M$219M6.2x6.9x6.4x-
SY Holdings Group$135M$120M5.8x-6.5x-
Seshaasai$150M$41M3.9x3.7x14.4x14.2x
SZZT Electronics Co$148M($7M)6.9x4.5x(143.3x)-
LINE Pay Taiwan$247M$24M----

This data is available for Pro users. Sign up to see all Check competitors and their valuation data.

Start Free Trial

Common questions about Check

When was Check founded?Check was founded in 2019.
Where is Check headquartered?Check is headquartered in New York City, NY, United States.
Is Check publicly listed?No, Check is a private, VC-backed company.
What is Check's valuation?Check was last valued at $725M in its Series C in February 2022.
How much funding has Check raised?Check has raised $119M across 4 funding rounds.
What was Check's last funding round?Check's last funding round was a $75M Series C in February 2022, led by Stripe.
Who are Check's investors?Check's investors include Bedrock, Thrive Capital, Index Ventures, Stripe, Angus Davis, Altman Capital, Connor Theilmann, Mischief, Contrary and Karman Ventures.
Which companies are comparable to Check?Companies comparable to Check include Zeller, Payhawk, Primer, Float Financial, BILL.com and Corpay.

See companies similar to Check

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial