Bitwise Industries (www) The Bitwise Industry Com) raised $27M as part of its Series A funding under the leadership of Kapor Capital and New Voices Fund. This is one of the largest A-series ever produced by a Latinx female-led company The funding also includes a major investment from the Quality Jobs Fund, a project of the New World Foundation, funded by the Federal Home Loan Bank of San Francisco. Capital supports the company’s goal of enabling human potential for the technology industry in underdog cities
“Funding milestones like this are monumental to the women of the Latinx community, and I hope that the size of what we’ve done will soon be overshadowed by the next woman or person of color. This country is filled with stories similar to mine-people from underserved communities who never thought that these kinds of opportunities would be accessible to them,” Irma L said. Jr. Olguin CEO and co-founder of Bitwise Industries “This investment will further Bitwise’s ability to make the serendipity of my life much more common. By connecting people from marginalized places to the skills they need to enter the technology industry, and by encircling them with vibrant and inclusive spaces, we will transform communities. “That’s right.
“Sourcing talent from traditionally neglected and undervalued pools is one of the most effective strategies for companies to remain competitive as demand for innovative technology solutions accelerates and expectations for enhanced revenue, performance and brand trust increase,” said Richelieu Dennis, founder of the New Voices Fund. “We have chosen to invest in Bitwise as one of the only private entities to approach the realities of the economy, technology and marginalized communities with a successful, repeatable business model that supports all three areas-and one that we look forward to determining how to scale. “That’s right.
Bitwise has produced more than 1,000 new software developers, attracted more than 200 technology companies to its facilities, contributed to the creation of thousands of jobs in the region, and made 250,000 sq. Ft of previously damaged downtown buildings into desirable commercial real estate The newly acquired financing will enable Bitwise to continue its growth in Fresno and to expand to other cities, starting with Bakersfield, California.
“Bitwise significantly improved economic and community outcomes in Fresno,” said Colin Greer, President of the New World Foundation. “Through the resources made available to us through the generosity and commitment of the San Francisco Federal Home Loan Bank, the Quality Jobs Fund is eager to invest in Bitwise so that similar results can be achieved in new communities. “That’s right.
“The company’s approach to weaving together training and education with software development and commercial activity in a common physical space has proven to revitalize communities while also successfully addressing the growing skills gap in the technology industry,” said Mitchell Kapor, Partner at Kapor Capital. “Our investment in Bitwise is based on our shared belief that genius can be found anywhere, but until the opportunity has the same reach, we need companies like Bitwise to take action to close that gap. “That’s right.
The leading investors are joined by an outstanding group of investors, including Motley Fool Ventures, the Lumina Foundation, the Libra Foundation and Pi Investments Innovation (both of which are facilitated by the Candide Group), Acumen America, Plum Alley, Aera VC, GingerBread Capital, Arlan Hamilton’s joint venture with Mark Cuban, Kat Taylor, Morgan Simon and Reach Capital, among others.
On Bitwise Industries
Bitwise Industries was founded by Irma L in 2013. Oh, Olguin, Jr Yes, and Jake A Sober with the aim of activating human potential for the technology industry in Fresno, California Bitwise now operates three robust business lines that support and support this objective. The Geekwise Academy trains people to code, focusing on marginalized groups, to give them skills for today’s job market. Bitwise’s commercial real estate provides a physical home to aspiring technologists, fast-growing technology companies, and a number of mission-oriented companies that hire Geekwise Academy; all of which contribute to the ongoing revitalisation efforts of the cities where Bitwise is based. And Shift3 Technologies is a custom software development shop that pairs senior talent with Geekwise Academy entry-level programmers to build and deliver top-quality software solutions to customers around the world. Find out more about Bitwise at www The Bitwise Industry Come on,
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