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- Check
Check Valuation, Funding & Investors
Check is valued at $725M as of February 2022.
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation |
|---|---|---|---|---|
| Feb 2022 | Series C | Stripe (lead); Index Ventures; Altman Capital; Bedrock; Mischief; Thrive Capital; Contrary; Karman Ventures | $75M | $725M |
| Jan 2021 | Series B | Stripe (lead); Thrive Capital (lead) | $35M | - |
| Jan 2020 | Series A | Bedrock (lead); Index Ventures; Angus Davis; Connor Theilmann; Thrive Capital | $8M | - |
| Jan 2019 | Seed | Bedrock (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2019 | ||
| 3 | Lead | Jan 2020 | ||
| 2 | Participant | Jan 2020 | ||
| 2 | Lead | Jan 2021 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Jan 2020 | ||
| 1 | Participant | Feb 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 TrialCheck Competitors
Check competitors include listed companies like BILL.com and Corpay, and private ones like Zeller, Payhawk, Primer and Float Financial.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $68M | - | $727M | 10.7x | ||
| Private | $45M | - | $1B | - | ||
| Private | $4M | - | $425M | 106.3x | ||
| Private | - | - | $396M | - | ||
| Publicly listed | $1.7B | $34M | $4.1B | 2.4x | ||
| Publicly listed | $4.5B | $2.4B | $27B | 6.8x |
Check Public Comps
Check is still privately-owned, but its public comps include Cass Information Systems, Digital Garage, PaySign, SLR Digital Finance, SY Holdings Group, Seshaasai, SZZT Electronics Co, LINE Pay Taiwan, Fujian Boss Software and AvenuesAI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182M | - | 4.6x | 4.1x | - | - | |||
| $263M | $51M | 1.9x | 1.9x | 10.0x | 10.3x | |||
| $82M | $16M | 8.3x | 6.4x | 43.3x | 20.7x | |||
| $224M | $219M | 6.2x | 6.9x | 6.4x | - | |||
| $135M | $120M | 5.8x | - | 6.5x | - | |||
| $150M | $41M | 3.9x | 3.7x | 14.4x | 14.2x | |||
| $148M | ($7M) | 6.9x | 4.5x | (143.3x) | - | |||
| $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. |
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