Aug 9 2021
Pathstream receives funding from impact investors Citi, Strada Education Network and new markets to bridge the digital skills gap
SAN FRANCISCO – (COMMERCIAL THREAD) – Pathstream Inc., a leading provider of digital skills training programs, today announced a timely investment from leading impact investors including Citi, Strada Education Network and New Markets Venture Partners , as well as the participation of existing investors HCM, Entangled Ventures and Rethink Education. These strategically aligned investors join Pathstream to provide effective pathways to the jobs of the future that require digital skills, pay attractive salaries and provide opportunities for upward economic mobility.
Pathstream intends to use the funding to continue to evolve its core product that simultaneously serves individuals and employers: helping adults acquire digital skills through interactive online certificate programs and matching them. predictably with employers looking for ready-made talent for positions facing a serious talent shortage. The programs have been specially designed in collaboration with leading technology companies Salesforce, Tableau, Facebook, Asana and Unity whose software is at the heart of these digital skills careers.
“Millions of working adults in the United States are looking to make the transition to economically stable and personally fulfilling careers, but have found themselves at a stalemate,” said CEO and co-founder Eleanor Cooper. “These people aren’t looking for a full four-year degree or highly self-directed online videos. They want the missing link: a fast, flexible and guided educational experience that provides a direct path to the doors of employers looking for ready-made talent with digital skills. ”
Today, Pathstream serves over 8,000 students, has an industry-leading placement rate, and has achieved 5x the growth year over year, adding partnerships with a number of higher education institutions, including the Harvard Division of Continuing Education and the NYU Tandon School of Engineering. Pathstream programs are also now available to a large number of frontline workers at Fortune 500 companies, including nearly 1.5 million Walmart and Sam’s Club team members, through benefits provided in partnership with Guild. Education.
“Digital skills are a prerequisite for jobs that pay well and offer opportunities for advancement, and we need to do a better job of helping people develop these skills,” said Ed Skyler, head of global public affairs at Citi. “Citi has invested in Pathstream through our Impact Fund because it is aligned with our commitment to supporting workforce development and creating more equitable opportunities for people who want to participate in what our economy has to offer. ”
To learn more, visit Pathstream.com.
About Pathstream: Pathstream partners with leading tech companies and universities to deliver online certificate programs that prepare adult learners for in-demand jobs. These include the Tableau Data Analytics Certificate, the Facebook Digital Marketing Certificate, the Asana Project Management Certificate, and the Salesforce Administrator Career Certificate. Each of these career path programs prepares working adult learners to enter these high-demand digital career areas.
About Citi: Citi, the world’s largest bank, has approximately 200 million accounts receivable and operates in more than 160 countries and jurisdictions. Citi provides consumers, businesses, governments and institutions with a wide range of financial products and services, including consumer banking and credit, business and investment banking, securities brokerage, wealth management and transaction services.
Additional information can be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
About the Strada educational network: We are a new type of social impact non-profit organization dedicated to improving lives by creating clearer and more useful bridges between education and employment. Our approach combines innovative research, thought leadership, strategic philanthropy, mission aligned investments and the support of a network of affiliated organizations. Together, we are working to better serve the millions of Americans who seek to complete their post-secondary education, derive clear value from those experiences, and build rewarding careers. Learn more at stradaeducation.org.
About New Market Venture Partners: New Markets Venture Partners is a leading impact investor accelerating growth-stage education and workforce technology companies. The New Markets team has decades of experience supporting high-growth, evidence-based businesses that enhance economic and social mobility by leveraging close relationships with education and innovation centers across the country. workforce. New Markets takes pride in adding value to our portfolio companies before, during and after the investment process, with the ultimate goal of improving both individual results and the productivity of the workforce system. of American education.