What is AdeptID?
AdeptID is at the forefront of developing advanced machine-learning-powered talent matching software designed to identify and support hidden talent within the workforce. Headquartered in Boston, the company's innovative approach aims to close the labor gap by pinpointing the underlying, transferable skills of the 80 million Americans who do not possess college degrees. AdeptID then facilitates connections between this talent pool and relevant job openings or crucial training programs. Chartered as a Public Benefit Corporation, AdeptID is committed to creating a more equitable and efficient labor market.
How much funding has AdeptID raised?
AdeptID has raised a total of $3.5M across 1 funding round:
Angel/Seed
$3.5M
Angel/Seed (2021): $3.5M with participation from Better Ventures, JFF's Employment Technology Fund, and Zeal Capital Partners
Key Investors in AdeptID
Better Ventures
Better Ventures is a mission-driven venture capital firm that invests in early-stage startups focusing on leveraging science and technology to create a sustainable economy that benefits people and the planet. Their investment themes include sustainable industry, improving human health, and equipping tomorrow's workforce, all aimed at addressing significant global challenges.
JFF's Employment Technology Fund
JFF's Employment Technology Fund is an investment vehicle focused on supporting innovative technologies that advance economic opportunity and workforce development. The fund typically backs companies aiming to improve job access, skills training, and career pathways for diverse populations.
Zeal Capital Partners
Zeal Capital Partners invests in diverse management teams that are reimagining the building blocks of wealth, focusing on areas such as education, employment, financial health, and health equity. Their mission is to enhance economic mobility through strategic investments.
What's next for AdeptID?
With the recent infusion of major strategic investment, AdeptID is poised for significant expansion and further development of its talent matching technology. This enterprise-level backing suggests a focus on scaling operations, enhancing its machine learning algorithms, and broadening its market reach. The company's trajectory indicates a strong emphasis on solidifying its position as a key player in the HR tech and workforce development sectors, likely pursuing partnerships and deeper integration with employers seeking to diversify their talent acquisition strategies and tap into underutilized skill sets.
See full AdeptID company page
