RiseKit, a Chicago, IL-based software provider focused on innovating the ways companies source untapped and diverse talent from community organizations, raised $4.75M in funding.
Backers included Muditā VP, Stand Together Ventures Lab, Sylvie Légère, Steve Sarowitz, Thad Wong, Tom Gimbel, Ryan Daube, Scott Kallick, Verte Opportunity Zone Fund, and Prota Ventures.
The company intends to use the funds to grow into new cities across the US, build behavioral and skills-based machine learning models to personalize a jobseeker’s journey to gaining meaningful and financially impactful employment while reducing the time and cost of sourcing talent for employers and expand its business reach helping organizations scale their community hiring and diversity, equity, and inclusion (DEI) initiatives.
Led by CEO Matt Strauss, RiseKit provides all job seekers access to a career path, regardless of their zip code, social capital, or past circumstance. Its software connects unemployed and underemployed individuals from underserved communities with jobs, training programs, and supportive services to rise above any barriers to employment they may have. The company also helps nonprofits, employers, government systems, and community foundations save time supporting job candidates, measuring outcomes, and efficiently impacting the communities they serve.
By integrating the software with existing applicant tracking systems (ATSs), government agencies, employment service providers, and employers can track candidates throughout the hiring process, view shared status updates, and access in-app messaging.
FinSMEs
22/03/2023