Briefing

The Briefing: Checkr Reaches $4.6B Valuation, VanMoof Snags $128M For E-Bikes, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Checkr hits $4.6B valuation after $250M Series E

San Francisco-based Checkr raised a $250 million Series A led by Durable Capital, valuing the HR tech company at $4.6 billion. Others participating in the round included new investors Fidelity Management & Research Co. and Franklin Templeton, along with current investors including BOND Capital, Khosla Ventures, IVP, T. Rowe Price, Coatue, Accel and Y Combinator.

In all, Checkr has raised $550 million since being founded in 2014. The company’s platform helps employers screen job seekers through initiating background checks. Checkr has achieved and maintained profitability and realizes several hundreds of millions of dollars in revenue per year, according to the company’s release.

— Chris Metinko

VanMoof lands $128M for e-bikes

Dutch electric-bike maker VanMoof raised $128 million in a Series C funding round led by private equity firm Hillhouse Investment.

The company plans to use the funds to expand product as well as invest in R&D. VanMoof says it is seeing a surge in demand, with the U.S. as its fastest-growth market. The company also says it sees further growth ahead, citing projections for the global e-bike market to reach around $48 billion by 2028, double the value it was predicted to reach before COVID-19.

Funding rounds

CoachHub raises $80M: Berlin-based CoachHub, a digital coaching platform that uses AI to match people to business coaches, has raised $80 million in Series B2 funding, bringing total Series B capital to $110 million.

Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech and Speedinvest were backers in financing, which brings total capital raised by the 3-year-old company to around $130 million.

Vic.ai picks up $50M: New York-based Vic.ai, a provider of AI-enabled accounting software, raised $50 million in a Series B round led by ICONIQ. The financing brings total capital raised by the 4-year-old company to $63 million.

— Joanna Glasner

Drift receives strategic investment: Boston-based conversational commerce platform Drift secured a strategic investment from Vista Equity Partners. Details of the investment were not released, but the company said the investment was done at a valuation of more than $1 billion. Drift integrates chat, email, video and artificial intelligence into a single platform that helps further conversations between buyers and sellers.

Founded in 2014, the company had raised more than $100 million before the Vista investment, according to Crunchbase.

—Chris Metinko

Illustration: Dom Guzman

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