Welcome Tech Secures $30M in New Funding, Expands Board of Directors, Exec Team
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LOS ANGELES, April 21, 2021 /PRNewswire/
Welcome Tech (or the Company ), the world s first digital platform providing immigrants and their multi-generational families with the ecosystem required to thrive in the U.S., today announced the close of a $35 million Series B financing round, bringing Welcome Tech s total funding to date to $50 million. The funding round was co-led by TTV Capital, Owl Ventures and SoftBank Group Corp s SB Opportunity Fund, with participation from Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital.
Welcome Tech, a recognized and trusted brand in the immigrant community, supports this critical segment of the U.S., and is growing exponentially, serving nearly three million active users. The company is building innovative solutions and offerings for this cohort, both in language and in culture, that demystify and create access to previously elusive opportunities such as financial, healthcare, and educational resou
Welcome Tech Raises $35M to Empower Immigrant Success Starting with Financial Inclusion
Welcome Tech, a digital platform providing immigrants and their multi-generational families with the ecosystem required to thrive in the U.S., today announced the close of a $35 million Series B financing round, bringing Welcome Tech’s total funding to date to $50 million. The funding round was co-led by TTV Capital, Owl Ventures and SoftBank Group Corp’s SB Opportunity Fund, with participation from Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital.
The company supports this critical segment of the U.S. and serves nearly three million active users. The company is building solutions and offerings for this cohort, both in language and in culture, that demystify and create access to previously elusive opportunities such as financial, healthcare, and educational resources.
SoftBank bets big on a ‘digital Ellis Island’
Welcome Tech, which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s SB Opportunity Fund.
Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital also participated in the financing, which brings the Los Angeles-based company’s total raised to $50 million since its 2010 inception. Welcome Tech, which has an office in San Antonio, Texas, raised an $8 million Series A in March of 2020.
Built by immigrants for immigrants, Welcome Tech aims to do just what its name indicates help immigrants feel more welcome, have an easier transition and achieve greater success when moving to the United States.
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