AdeptID, a Boston MA-based talent matching software company, raised $3.5M in Seed funding. The round was led by Zeal Capital Partners with participation from Better Ventures, JFF’s Employment Technology Fund. In conjunction with the funding, Nasir Qadree, Managing Partner at Zeal Capital, who will be joining the company’s board.
“Poor talent matching is a problem experienced by stakeholders across the workforce ecosystem, resulting in over $1.3T of wasted tuition and lost annual profits in the U.S. alone,” said AdeptID co-founder and CEO Fernando Rodriguez-Villa. “While skills-based matching and technology isn’t a new idea, it has historically been hard to use, siloed, and way too expensive. We see a massive opportunity to improve outcomes for both those in the workforce looking to improve their economic mobility as well as employers struggling to fill roles in growth areas like allied health, IT, and renewable energy.”
AdeptId provides machine-learning-powered talent matching software to support hidden talent in the workforce. The company aims to close the labor gap by identifying underlying, transferable skills in the 80 million Americans without college degrees and connecting talent with relevant in-demand jobs or high-impact training. .
The company intends to use the funds to expand their technical and growth team and to scale distribution through its API partners.
Announcement: AdeptID Raises $3.5M for Inclusive Job Mobility