SkillCat Closes $100K Uncapped Note Through Workforce Accelerator
St. Paul, MN
Jul 1, 2021
SkillCat, an AI hiring platform for skilled trade workers, today announced its acceptance into the OnRamp accelerator with the receipt of a $100,000 investment as an uncapped convertible note.
Over the past six months, SkillCat has developed and rolled out a completely free, online trade school for HVAC technicians. Due to the massive industry shortage of workers, this trade school has become very popular; today, almost 10,000 new students are visiting SkillCat every month. The platform is bringing a new pool of technicians to the trades. 30% of Skillcat’s visitors are women; the industry average is 2%.
Through the accelerator program, co-managed by Gener8tor platform and ECMC corporation, SkillCat will have access to hundreds of mentors and investors focused on workforce development - aligning with SkillCat’s goals of building a more equitable future. It concludes with an investor swarm & demo day of one-on-one meetings with 100+ top-tier investors focused on workforce development.
With the $100K investment, SkillCat plans to pursue active placements - getting great jobs for the students going through its programs. SkillCat is now running pilots of its AI-based simulator assessments with 20+ of the world’s largest HVAC contractors including Carrier, Mitsubishi-Trane, and Comfort Systems. Over the summer, all these companies plan to start hiring through SkillCat.
"We are very excited to be working with SkillCat”, said Eddie Olson, Managing Director at gener8tor. “We feel fortunate to support them as they build new technology and apply their industry expertise to take on an incredibly large and significant issue."
For more information on SkillCat’s vision, check out this founding blog post and a video from one of their happy students.
At SkillCat, we're solving the largest social problem of our time: non-college-educated workers do not have access to middle class jobs. Through our virtual simulator, we train & place blue collar workers into high demand skilled trade jobs in construction, telecom, and energy.
About gener8tor/ECMC Group
gener8tor's turnkey platform for the creative economy connects startup founders, musicians, artists, investors, universities and corporations. ECMC Group is a nonprofit corporation focused on helping students succeed by creating, providing and investing in innovative educational opportunities.