Welcome Tech, the leading digital platform serving immigrant workforces and the employers who rely on them, today announced the close of a $7.5 million funding round. The capital will accelerate the development of Welcome Tech’s proprietary AI infrastructure and expand its workforce engagement platform, which connects immigrant workers to essential services – including jobs, healthcare, and financial tools – at the highest quality and lowest cost.
This funding milestone follows a breakout year for the company. In the last 12 months, Welcome Tech has:
“This quarter has marked a meaningful turning point – from closing a highly successful capital raise to launching strategic enterprise partnerships that are now fueling thousands of new subscriber enrollments,” said Amir Hemmat, Co-Founder and CEO of Welcome Tech. “This new funding positions us to reach profitability, scale partnerships, and deliver digital-first solutions that unlock economic access for the immigrant workforce that powers our country.”
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Backed by Mission-Aligned Capital
The $7.5M round was led by institutional investors focused on innovation and impact, including: TTV Capital, Mubadala Capital, Westbound Equity Partners, CityRock Ventures Partners, Next Legacy Partners, and BTN Ventures.
“Welcome Tech combines strong business fundamentals with a powerful social impact,” said Oliver Libby, Managing Partner at CityRock Ventures. “We believe in their platform and its ability to transform this vital part of the labor market and deliver meaningful solutions to help literally millions of hard workers and their employers across some of the most crucial sectors in the American economy.”
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Source: Businesswire
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