# Skillful.ly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skillful-ly

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.skillful.ly/
- Total disclosed funding: $2.5M
- Latest round: Seed (Aug 1, 2024)
- Investors on record: 6

## About

Based in California, US, and founded in 2019, Skillful.ly, Inc. operates as a software development company that uses virtual simulations for experiential hiring methods. Brett Waikart (CEO), Johnson Kanjirathinkal, and Karthik Ravi are the co-founders of the company. In August 2024, Skillful.ly, Inc. raised USD 2.5 million in seed funding led by Better Ventures, including Inventus Capital Partners, Founders Network Fund, Strada Education Network, American Student Assistance and SVQUAD.

Skillful.ly is a hiring technology company that transforms traditional recruitment processes through AI-powered workplace simulations. The firm’s platform provides assessments that evaluate real-world skills in text-based and voice-based scenarios. These simulations help employers make data-driven hiring decisions by showcasing candidates’ actual abilities rather than relying on self-reported experience. The company’s platform enables companies to reduce screening time by 50%, lower hiring costs by 70%, and achieve 10x conversion rates by focusing on applicants with proven competencies.

The organization plans to use the August 2024 funding for market expansion.

## Funding rounds

- Seed, Aug 1, 2024, $2.5M — Inventus Capital Partners, American Student Assistance, Better Ventures, Strada Education Network, SVQUAD, Founders Network Fund

## Investors

- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Seed
- American Student Assistance — Seed
- Better Ventures — Seed
- Strada Education Network (https://capitalatlas.ai/funds/strada-education-network) — Seed
- SVQUAD (https://capitalatlas.ai/funds/svquad) — Seed
- Founders Network Fund (https://capitalatlas.ai/funds/founders-network-fund) — Seed