Welcome Tech, a leading digital platform that serves immigrant workforces and the employers who rely on them, has recently announced the completion of a $7.5 million funding round. This funding is intended to accelerate the development of Welcome Tech’s proprietary artificial intelligence infrastructure and to further enhance its workforce engagement platform.
This platform is designed to connect immigrant workers with essential services, including job opportunities, healthcare, and financial tools, ensuring that these services are delivered at the highest quality while keeping costs low.
The achievement of this funding milestone comes on the heels of what has been a breakout year for Welcome Tech. Over the past year, the company has experienced significant growth across multiple key metrics. Notably, they have tripled their enterprise partnerships, which speaks to the increasing recognition of their services in the market.
Additionally, Welcome Tech has experienced over 200% year-over-year revenue growth in its subscription business, indicating strong demand for its offerings. The platform has also expanded its reach significantly, growing to more than 4.5 million registered members, making it the most trusted digital platform for immigrant households in the United States.
The adoption of Welcome Tech’s platform has been particularly rapid in sectors experiencing acute labor shortages. Industries such as hospitality, construction, logistics, manufacturing, and financial services are increasingly turning to Welcome Tech to help address their workforce needs. Noteworthy enterprise partners, such as Harri.com, Esusu, Stark Carpet, Instant Financial, and Enstructure, are leveraging this platform to recruit qualified workers, offer culturally relevant benefits, and improve overall workforce retention. This collaborative approach not only benefits the employers but also enriches the lives of immigrant workers, providing them with valuable resources and support.
The capital raised in this latest funding round will support the expansion of Welcome Tech’s AI capabilities in several meaningful ways. For instance, it will enable the automation of onboarding processes, making it easier for new members to get started. Additionally, advancements in AI will enable the personalization of service delivery in multiple languages, ensuring that all members can fully access and navigate the platform’s offerings.
The technology will enhance the intelligent matching of members with job and benefit opportunities, improving overall access and reducing the costs associated with these critical services. By focusing on these areas, Welcome Tech aims to deliver best-in-class user experiences at scale, ultimately empowering immigrant workers as they pursue various opportunities for growth and stability.
KEY QUOTES:
“This quarter has marked a meaningful turning point – from closing a highly successful capital raise to launching strategic enterprise partnerships that are now fueling thousands of new subscriber enrollments. This new funding positions us to reach profitability, scale partnerships, and deliver digital-first solutions that unlock economic access for the immigrant workforce that powers our country.”
Amir Hemmat, Co-Founder and CEO of Welcome Tech
“Welcome Tech combines strong business fundamentals with a powerful social impact. We believe in their platform and its ability to transform this vital part of the labor market and deliver meaningful solutions to help literally millions of hard workers and their employers across some of the most crucial sectors in the American economy.”
Oliver Libby, Managing Partner at CityRock Ventures
“TTV Capital invests in companies solving real-world problems – and Welcome Tech is doing just that with a platform that is purpose-built for immigrants. The team has built a powerful, tech-forward solution that aligns directly with our thesis around inclusive financial innovation. We are proud to support Amir and the team as they scale this next phase of growth,” said
Gardiner Garrard, Co-Founder and Managing Partner, TTV Capital
“Westbound backs founders solving hard problems in overlooked markets – and Welcome Tech is a standout example. Amir’s and Raul’s vision for building infrastructure that supports underserved workforces is both socially urgent and commercially smart. We are thrilled to support this next chapter,” said
Will Bumpus, Partner, Westbound Equity Partners
“Welcome Tech is building an amazing platform serving communities of great need and capacity that have historically been overlooked. We’re privileged to be part of their journey enabling millions of immigrant families to fully realize their piece of the American dream.”
BTN Ventures general partner Sean Sebastian
