- Welcome Technologies, a certified B-corporation that connects immigrants and their families to services, announced it raised $8 million
Welcome Technologies — a certified B-corporation that connects immigrants and their families to services for improving their lives — announced it closed its Series A at $8 million and added half of Tinder’s founding team to its organization. This round of funding was led by Crosscut Ventures. And the funding further increases the company’s momentum — which has grown its membership to nearly 2 million immigrants.
This round of funding will help drive the company’s ability to build on its digital offerings for immigrant communities thus creating the first operating system for immigration.
The mission of the company and the results achieved has attracted a number of talent to join the team, including Joe Munoz, technical founder of Tinder; Christopher Gulczynski, founder and former CCO of Tinder and Bumble, Rene Garcia, former Financial VP at USAA; and Gavin Hewitt, one of Hulu’s founding team members;
The Welcome team is led by Chairman Raul Lomeli-Azoubel, former VP at Wells Fargo Bank and Chairman of the Board of Directors for MALDEF as well as CEO; and Amir Hemmat, former public policy advisor turned tech entrepreneur.
Welcome has established distribution channels, allowing them to reach over 9 million immigrants a year and achieve an unparalleled level of engagement and trust with this hard to reach segment of the population. By utilizing data garnered from these engagements, Welcome Technologies has built products and AI powered services across affordable healthcare, micro-loans, educational resources, etc.
Key Quotes:
“This is the best team in the country focused on this market and they continue to attract incredible talent in a super competitive environment. They are rapidly scaling their platform and services to be the clear leader in the space.”
– Brian Garrett, Co-Founder and Managing Director at Crosscut Ventures
“Government systems and policies have struggled to keep pace with the growing needs of our immigration system. We believe the solution to this challenge will be developed with technology that makes it efficient for immigrants to find trusted services that will empower them to be more informed consumers and active participants in society.”
– Amir Hemmat, CEO at Welcome Technologies
“There’s a tremendous need in our country for greater support of our immigrant communities. As a trailblazing nation we have an opportunity to be the leader in the world with immigration support, education and acculturation. Welcome Technologies is the company that’s building the future of the immigrant experience in the US.”
– Jeb Bush Jr.
