Pathrise, a San Francisco-based provider of mentorship and training to help young people land jobs at tech companies, has increased its seed round to $3.2 million. EdSurge reported when the startup raised $1.2 million as part of the same round last year.
The additional capital will help Pathrise hire more mentors, expand career track offerings and invest in research and development. Seed investors not previously mentioned include Learn Capital, Kairos K50, Ozmen Ventures, Day One Ventures and Marstar Investments.
Founded in 2018, Pathrise offers its service in exchange for a share of users’ future income. Its services are free until they find employment.
The company claims that its jobseekers see at least twice the number of interview opportunities, sign offer letter within five months of finishing its program, and negotiate salaries that are $12,600 a year more than the tech industry average. The company claims to have grown seven times in revenue in the last year and helped about 400 jobseekers secure jobs.
Investors have been keen to bet this year on companies that feature mentoring as part of their business models. Others include Graduway and Mentor Collective.
