About Accurate Background
Accurate Background is a company based in Irvine (United States) founded in 1997 by Dave Dickerson.. Accurate Background has raised $10 million across 3 funding rounds from investors including Boathouse Capital. The company has 1,100 employees as of April 08, 2024. Accurate Background has completed 5 acquisitions, including CareerBuilder Screen, Hirease and Orange Tree Employment Screening. Accurate Background offers products and services including Background Check API, Criminal Background Checks, and Drug and Health Screening. Accurate Background operates in a competitive market with competitors including IDfy, Checkr, Certn, KarmaCheck and Fama, among others.
- Headquarter Irvine, United States
- Employees 1100 as on 08 Apr, 2024
- Founders Dave Dickerson
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Accurate Background India Private Limited
- Date of Incorporation 26 Nov, 2019
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$10.45 M (USD)303as on Mar 31, 2023
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Net Profit
$1.14 M (USD)308.7as on Mar 31, 2023
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EBITDA
$1.94 M (USD)284.17as on Mar 31, 2023
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Total Equity Funding
$10 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series A
Nov 12, 2014
- Investors
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Employee Count
1100
as on Apr 08, 2024
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Investments & Acquisitions
CareerBuilder Screen
& 4 more
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Products & Services of Accurate Background
Accurate Background offers a comprehensive portfolio of products and services, including Background Check API, Criminal Background Checks, and Drug and Health Screening. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for seamless background screening in applications
Service to review criminal records for employment
Screening for drug use and health history in hiring
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Funding Insights of Accurate Background
Accurate Background has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in November 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2014 | Amount | Series A - Accurate Background | Valuation |
investors |
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| Oct, 2014 | Amount | Series A - Accurate Background | Valuation |
investors |
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| Mar, 2013 | Amount | Debt – Conventional - Accurate Background | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Accurate Background
Accurate Background has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Boathouse Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are focused on multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Accurate Background
Accurate Background has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include CareerBuilder Screen, Hirease and Orange Tree Employment Screening. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online background screening and assessments are offered for enterprises.
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2019 | ||||
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Background checks and HR services are provided globally.
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2006 | ||||
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Background verification of candidates is facilitated via an online platform.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Accurate Background
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Accurate Background Comparisons
Competitors of Accurate Background
Accurate Background operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IDfy, Checkr, Certn, KarmaCheck and Fama, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
AI platform for employee background verification is utilized.
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| domain | founded_year | HQ Location |
AI-enabled platform for background verification and profiling is provided.
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| domain | founded_year | HQ Location |
Cloud-based background checks for employee screening are facilitated.
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| domain | founded_year | HQ Location |
Social Media Background and Digital Footprint check
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| domain | founded_year | HQ Location |
Background verification for candidates' employment and income is automated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Accurate Background
Frequently Asked Questions about Accurate Background
When was Accurate Background founded?
Accurate Background was founded in 1997 and raised its 1st funding round 16 years after it was founded.
Where is Accurate Background located?
Accurate Background is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is Accurate Background a funded company?
Accurate Background is a funded company, having raised a total of $10M across 3 funding rounds to date.
How many employees does Accurate Background have?
As of Apr 08, 2024, the latest employee count at Accurate Background is 1,100.
What is the annual revenue of Accurate Background?
Annual revenue of Accurate Background is $10.45M as on Mar 31, 2023.
What does Accurate Background do?
Accurate Background was founded in 1997 by Dave Dickerson and is headquartered in Irvine, United States. Operations focus on the human resources technology sector, where online platforms are utilized to deliver candidate background checks and verification services. These solutions support employers in screening processes, covering criminal records, employment history, and education credentials. The company serves clients across various industries in the U.S. and beyond.
Who are the top competitors of Accurate Background?
What products or services does Accurate Background offer?
Accurate Background offers Background Check API, Criminal Background Checks, and Drug and Health Screening.
How many acquisitions has Accurate Background made?
Accurate Background has made 5 acquisitions, including CareerBuilder Screen, Hirease, and Orange Tree Employment Screening.
Who are Accurate Background's investors?
Accurate Background has 1 investor. Key investors include Boathouse Capital.