Welcome Technologies, a Los Angeles, CA-based certified B-corporation connecting immigrants and their families to services that improve their lives, closed an $8M Series A funding.
The round was led by Crosscut Ventures.
The company intends to use the funds to build on its digital offerings for immigrant communities, creating an operating system for immigration.
Led by Chairman Raul Lomeli-Azoubel, former VP at Wells Fargo Bank and Chairman of the Board of Directors for MALDEF, and CEO Amir Hemmat, former public policy advisor turned tech entrepreneur, Welcome Technologies provides a platform dedicated to connecting the 250 million global immigrant community with the information, products, and services they need to enter the new country.
By leveraging data garnered from distribution channels, allowing them to reach over 9M immigrants a year, the company has built products and AI powered services across affordable healthcare, micro-loans, educational resources and more. Welcome currently has a membership of nearly 2M immigrants.
The company also added Joe Munoz, technical founder of Tinder, Christopher Gulczynski, founder and former CCO of Tinder and subsequently Bumble, Rene Garcia, former Financial VP at USAA, as well as Gavin Hewitt, one of Hulu’s founding team members, to the management team.
FinSMEs
03/03/2020