# RiseKit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/risekit

- Industry: Software
- Headquarters: Chicago, US
- Website: www.risekit.co
- Total disclosed funding: $3.2M
- Latest round: Seed (Nov 22, 2024)
- Investors on record: 3

## About

RiseKit is a workforce development technology company based in the US, dedicated to improving economic mobility by connecting underrepresented talent with job opportunities through its innovative software solutions.Founded in 2016 and headquartered in Chicago, US, RiseKit focuses on enhancing workforce connectivity. The company has completed 8 deals, with its most recent funding round being a Grant of USD 1.50 mn from the Bill & Melinda Gates Foundation Trust on November 22, 2024. RiseKit has raised a total of USD 4.75 mn to date. The company's founders include Dario Medina, Dominique Wilson, and Matt Strauss, with Matt Strauss serving as the CEO.RiseKit specializes in workforce development technology designed to enhance economic mobility by connecting untapped talent with employment opportunities. Their core product offerings include a software platform that streamlines job matching processes, improves workforce connectivity, and facilitates collaboration among employers, community organizations, talent providers, and workforce agencies. The platform addresses the challenges faced by job seekers from underrepresented backgrounds, enabling them to access job training programs and secure employment more effectively. Primary end users of RiseKit’s services are employers seeking qualified front-line talent and community organizations supporting job seekers.The revenue model for RiseKit is structured around partnerships and subscriptions with employers and organizations involved in workforce development. Clients pay for access to the platform, which includes features such as enhanced navigation tools and data-driven insights aimed at improving hiring efficiency and community engagement. Transactions typically involve employers joining the RiseKit network to streamline their hiring processes by gaining access to a larger pool of qualified candidates, enabling organizations to measure their impact and recruitment outcomes effectively.In November 2024, RiseKit raised seed funding from New Community Transformation Fund, which will support the company's growth objectives and the development of AI-driven tools. The company aims to expand its product offerings and enhance its platform capabilities. Additionally, RiseKit plans to penetrate new markets, targeting urban centers with significant populations of untapped talent, although specific regions have not been mentioned.

## Funding rounds

- Seed, Nov 22, 2024 — New Community Transformation Fund
- Seed, Jun 7, 2022, $1.8M — Stand Together Ventures Lab
- Seed, Oct 1, 2020, $1.4M — Verte Capital, Stand Together Ventures Lab

## Investors

- Verte Capital (https://capitalatlas.ai/funds/verte-capital) — Seed
- Stand Together Ventures Lab (https://capitalatlas.ai/funds/stand-together-ventures-lab) — Seed
- New Community Transformation Fund (https://capitalatlas.ai/funds/new-community-transformation-fund) — Seed