Career Karma, a San Francisco-based career advice and job training provider, has raised a $10 million Series A funding round led by Initialized Capital. Other investors include SoftBank’s Opportunity Fund, Emerson Collective, Imaginable Futures, Kapor Capital, Unshackled Ventures and 4S Bay Capital.
Founded in 2018, Career Karma is the creator of an edtech platform that connects students with coding bootcamps. Through its directory of 9,000 bootcamps and trade schools, career switchers discover training programs by comparing courses and reading student reviews.
Career Karma offers free services, but receives a share of the tuition fee when users enroll in a training program through the platform. The coding bootcamps on its platform charge anywhere from $10,000 to $40,000 for their programs.
“The main reason why we raised the Series A is to hire a team that takes the platform beyond just matching people to bootcamps … making sure that entities that have career advice to share are empowered to do that on our platform,” said Ruben Harris, Career Karma CEO and cofounder.
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