# Career Karma

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/career-karma

- Industry: Education/Training
- Headquarters: San Francisco, US
- Website: www.careerkarma.com
- Total disclosed funding: $52M
- Latest round: Series B (Dec 6, 2021)
- Investors on record: 20

## About

Based in the US, Career Karma, Inc operates as a personalized advisory service, assisting individuals in navigating their entry into the tech industry through tailored recommendations and community support.Career Karma, Inc is focused on providing guidance for aspiring tech professionals. Founded in 2018, the company is headquartered in San Francisco, US. The founders, Artur Meyster and Timur Meyster, have a history of entrepreneurship in the tech sector. The latest funding round, a Series B in December 2021, raised USD 40.005 mn led by Top Tier Capital Partners, with participation from various investors including Alumni Ventures Group and Softbank Capital. Career Karma has successfully completed three funding deals, raising a total of USD 40.005 mn, resulting in a current company valuation of USD 379.366 mn.Career Karma primarily offers personalized advisory services designed to guide individuals into the tech industry. Their main product is a one-on-one bootcamp advisory session, where users are paired with expert advisors for customized recommendations on upskilling and personalized career plans. The company also connects users with a supportive community of peers pursuing tech careers. Services include matching clients with suitable bootcamps tailored to their needs, study pace, and finances, alongside comprehensive career resources. Career Karma serves a diverse clientele across North America, Europe, and parts of Asia, particularly in urban centers with robust tech job markets.Career Karma generates revenue through partnerships with educational institutions and tech companies, which pay fees for successful candidate placements. The revenue model is primarily B2B, involving contracts with bootcamps and training providers that utilize Career Karma’s matchmaking services. Initial advisory sessions are free for clients, leading to enrollments in partner bootcamps with various pricing structures, including income sharing agreements. This model enables Career Karma to offer its advisory services at no cost while facilitating beneficial financial arrangements for both training providers and aspiring tech professionals.In December 2021, Career Karma raised USD 40.005 mn in Series B funding to develop Ed Tech employee benefits and other training programs of varying lengths. The company plans to expand further into new markets, specifically targeting additional regions in Europe and Asia by 2023. Recent funding will support these initiatives by enhancing product offerings and increasing their market presence, enabling Career Karma to better serve aspiring tech professionals.

## Funding rounds

- Series B, Dec 6, 2021, $40M — Softbank Capital, Top Tier Capital Partners, GV, Kapor Capital, Y Combinator, Initialized Capital, Bronze Investments, Winklevoss Capital, Alumni Ventures Group, Stardust Venture Partners, Backstage Capital, Gaingels, Emerson Collective, Trousdale Ventures, 4S Bay Partners, Necessary Ventures, Skaala
- Series A, Nov 2, 2020, $12M — Softbank Capital, Kapor Capital, Initialized Capital, Unshackled Ventures, Emerson Collective, 4S Bay Partners, Imaginable Futures, The 6ixth Event

## Investors

- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Series A, Series B
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A, Series B
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Series A, Series B
- Unshackled Ventures (https://capitalatlas.ai/funds/unshackled-ventures) — Series A
- Emerson Collective — Series A, Series B
- 4S Bay Partners — Series A, Series B
- Imaginable Futures (https://capitalatlas.ai/funds/imaginable-futures) — Series A
- The 6ixth Event (https://capitalatlas.ai/funds/the-6ixth-event) — Series A
- Top Tier Capital Partners (https://capitalatlas.ai/funds/top-tier-capital-partners) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series B
- Bronze Investments (https://capitalatlas.ai/funds/bronze-investments) — Series B
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Stardust Venture Partners — Series B
- Backstage Capital (https://capitalatlas.ai/funds/backstage-capital) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Trousdale Ventures (https://capitalatlas.ai/funds/trousdale-ventures) — Series B
- Necessary Ventures (https://capitalatlas.ai/funds/necessary-ventures) — Series B
- Skaala (https://capitalatlas.ai/funds/skaala) — Series B