San Francisco-based skills training start-up Forage has raised $25 million in a Series B funding round led by Blackbird Ventures, with participation from Telstra Ventures, Citi Ventures, Gaingels, Cap Table Coalition, [email protected], and existing investors Lightspeed Venture Partners and FundersClub, Startup Daily has reported.
Forage partners with employers to create online training courses for college students which simulate real work, enabling students to build skills and prepare for their first job. The company’s clients include General Electric, SAP, JP Morgan, PwC and HSBC, and the platform has more than 100 courses with in excess of 1.5 million enrolments worldwide.
The company stated it will use the funding to invest in its core product, virtual experience programmes, and expand its curriculum into sectors such as healthcare, biotech, life sciences, retail and media.
Forage’s co-founder and chief executive Tom Brunskill said: “The current recruitment system is broken. The reality is that seeking to start a career at most post-tertiary employers is not a journey that is equal for everyone. We need to level the playing field so that all candidates, no matter where they come from or what their background is, have an equitable opportunity to build skills and kick-start their career.”
Blackbird Ventures’ partner Tom Humphrey who is joining Forage’s board added: “By positioning itself as the glue between the futures of education and work, Forage is defining a completely new and exciting market category.”
Last year Forage raised $9.3 million in a Series A when the company was named InsideSherpa.
Date published: 24 August 2021