What is Skillit?
Skillit operates as a specialized recruiting platform engineered specifically for the construction industry, addressing one of the sector's most persistent challenges: connecting qualified skilled workers with contractors who need them. The company was established by an entrepreneur with direct experience in construction trades, bringing authentic industry insight to the platform's design and functionality. The platform functions as a comprehensive solution that provides visibility across the entire employee lifecycle, from initial recruitment through ongoing retention. By leveraging data analytics and technology infrastructure, Skillit streamlines both the supply-side identification of skilled workers and the hiring processes that contractors rely on. This dual-focus approach recognizes that solving labor shortages requires supporting both workers seeking opportunities and companies seeking talent. Skillit's end-to-end system improves recruitment outcomes and employee retention rates for major construction firms and contractors. The platform consolidates fragmented hiring processes into a unified interface, enabling construction companies to access qualified labor more efficiently while providing skilled workers with better visibility into available opportunities. This integration of supply and demand creates a more transparent marketplace within an industry historically challenged by information asymmetries.
How much funding has Skillit raised?
Skillit has raised a total of $13.6M across 2 funding rounds:
Angel/Seed
$5.1M
Other Financing Round
$8.5M
Angel/Seed (2023): $5.1M with participation from Building Ventures, Takeoff Capital, 1Sharpe Ventures, Great North Ventures, MetaProp, and Holt Ventures
Other Financing Round (2023): $8.5M led by Building Ventures, MetaProp, and Bow Capital
Key Investors in Skillit
Building Ventures
Building Ventures is a Boston-based venture capital firm dedicated to partnering with entrepreneurs and early-stage startups in the built environment sector. The firm invests in transformative companies that are innovating in the design, construction, operation, and experience aspects of the company's infrastructure. With a team of experienced investors and industry pioneers, Building Ventures provides access to funding and a strong network of industry leaders. Their mission is to support visionary entrepreneurs in creating a better built world.
MetaProp
MetaProp is a New York-based venture capital firm focused on the real estate technology ("PropTech") industry. Founded in 2015, MetaProp's investment team has invested in 130+ technology companies across the real estate value chain. The firm manages multiple funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 15+ billion square feet across every real estate asset type and global market. The firm's investment activities are complemented by pioneering community leadership including the PropTech Place innovation hub, MetaProp Accelerator at Columbia University programs, global events NYC Real Estate Tech Week and Propel by MIPIM NYC, and publications Global PropTech Confidence Index and PropTech 101.
Great North Ventures
Great North Ventures is a venture capital fund and studio that invests in early-stage, capital-efficient tech startups leveraging breakthrough technologies to innovate traditionally analog industries. They focus on digital transformation through AI, solving labor problems, and community-driven applications, providing support to companies at the Seed to Series A stages. With a headquarters in the Upper Midwest, their investment strategy prioritizes opportunity over geography, allowing them to collaborate with startups nationwide. Their commitment lies in investing in execution rather than hype, ensuring that they support companies with strong product/market fit.
What's next for Skillit?
The recent major strategic investment positions Skillit for accelerated growth and further development of its recruitment and retention solutions for the construction industry. This capital infusion is expected to enhance the platform's technological capabilities, expand its market reach, and strengthen its operational infrastructure. As Skillit continues to scale, its focus will likely remain on deepening its impact within the construction sector, further solidifying its position as a critical enabler of workforce solutions. The company's trajectory suggests a move towards broader enterprise adoption and potentially new service offerings aimed at optimizing the construction labor lifecycle.
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