Career Karma raises $40 million Series B to help employers upskill employees
2022-01-16 18:36:34

Career Karma has raised a $40 million Series B funding round led by Top Tier Capital Partners, alongside GV (Google Ventures), Bronze Venture Fund, Stardust, Trousdale Ventures and Alumni Ventures Group.

Existing investors also participated, including SoftBank, Emerson Collective, Kapor Capital, Backstage, 4S Bay Partners and Y Combinator.

Founded in 2018, Career Karma is the creator of an edtech platform that matches students with coding bootcamps. It charges a share of the tuition fee when users enroll in a training program through the platform.

In addition to helping place individual students in coding bootcamps, Career Karma has also expanded its business to partner with employers over the past few months. As an employee benefit, Career Karma will be able to get students employer-paid tuition, and then re-skill and up-skill them into ideally more advanced job skills, according to TechCrunch.

Ruben Harris, Career Karma CEO and cofounder, told TechCrunch that his vision is that Career Karma will match employees and contractors to job training programs in the marketplace it has built over the past few years.

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