No one is good at everything, but everyone has something to bring to the table. Where some excel at building computer systems, others specialize in building skyscrapers. The skilled trade market is vital to our communities, though the U.S. is confronting a shortage of people who are qualified to do those jobs. Looking to fill this gap, SkillPointe is on a mission to connect trade employers with trained talent, and it just raised a round of funding to further its work.
SkillPointe offers a three-sided marketplace solution that serves the skilled trade workforce. Its solution was created to bridge a connection between skilled trade job seekers, training programs and employers offering positions that suit their skills. Its goal is to be a one-stop shop for real-time information to help users across the country explore skill-based careers.
“Skilled trades aren’t celebrated as they should be and resources aren’t allocated to highlight the opportunities those careers present,” Jim Franchi, CEO of SkillPointe, said in a statement. “We want to elevate these jobs by offering training, advice and even scholarships so millions of job seekers can find a more fulfilling career.”
Spanning industries including construction, healthcare, IT, energy, manufacturing, transportation, communication and public service, SkillPointe connects users to more than 350,000 jobs nationwide. It also provides them access to over 50,000 training programs.
The company closed a $2.25 million Series B-3 financing round alongside The Presidio Group as its financial advisor. With the fresh capital, SkillPointe plans to expand its network of educational institutions, engage more employers and market its solution to job seekers.
SkillPointe cited that 2.3 million skilled trade jobs will be added annually in the U.S. through 2025. Though demand for skilled trade jobs has increased by 50 percent since the start of the pandemic, according to the company, those seeking new jobs or looking to change careers may not always be aware of the options and training available to them.
“There is a disconnect between the job market and our higher education system,” Todd Wilson, SkillPointe’s founder and managing partner, said in a statement. “Many skilled trade jobs do not require a four-year degree but a much shorter training or certification program offered by a community college or technical institute. Job seekers need a way to find these opportunities, and companies are in desperate need of a way to connect with these skilled individuals.”