Jobcase, the only social media platform dedicated to empowering America’s workforce, announced that it has raised $7 million in Series A funding led by Savano Capital Partners, a private equity and venture capital firm. With a team that now numbers 115 (predominantly data analysts, data scientists and software engineers), Jobcase has grown exponentially since its founding and today stands at over 75 million registered members.
“Jobcase is connecting America’s workforce on a platform that is informed by machine learning to facilitate valuable connections, and with services that can help anyone take greater control of their own work-life,” said Fred Goff, Jobcase CEO. “With the future of work proving increasingly daunting, our millions of members need us to move even faster. Until now, our profits were continuously reinvested to self-fund our growth, but now growth capital from a great partner like Savano Capital will help us move even faster in building out platform features, machine learning tooling that helps power the community, and breadth of services for our valued employer partners.”
Jobcase partners with companies such as Home Depot to help power hiring initiatives on both local and national levels by promoting their local talent brand within the community. Jobcase also partners with non-profits such as the Chicago Urban League in operating jobfairs, career clinics and other training and development initiatives.
This investment from Savano Capital Partners will primarily support Jobcase’s aggressive hiring plan to add up to 40 more employees to its Kendall Square headquarters by summer, 2018.
“Jobcase has a reputation for being smart and forward thinking, and when you get to know them you understand how deeply they truly care about empowering working Americans,” said Tom Smith, Managing Director of Savano Capital Partners. “The future of work is a difficult topic in the U.S. today — we believe Jobcase has the solutions that will succeed on a global scale. We are proud to support this mission.”