What is AdeptID?
Headquartered in Boston, AdeptID is a Public Benefit Corporation dedicated to closing the labor gap. The company's innovative platform leverages machine learning to identify the underlying, transferable skills of the 80 million Americans without college degrees. By doing so, AdeptID facilitates meaningful connections between this often-overlooked talent pool and relevant job openings or crucial training programs, thereby fostering economic mobility and workforce development.
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
Undisclosed investor participating in the funding round.
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?
The recent major strategic investment positions AdeptID for accelerated growth and expanded market reach. This financing is expected to fuel further development of its proprietary talent matching technology and bolster its efforts to connect a wider segment of the workforce with career advancement opportunities. AdeptID's commitment as a Public Benefit Corporation suggests a continued focus on social impact alongside business expansion, potentially leading to new partnerships and initiatives aimed at skill development and employment.
See full AdeptID company page
