LOS ANGELES, March 3, 2020 /PRNewswire/ -- Welcome Technologies, a certified B-corporation connecting immigrants and their families to services that improve their lives, closed their Series A for $8M and added half of Tinder's founding team to its organization. This latest round of investment led by Crosscut Ventures further increases the company's momentum, which has grown it's membership to nearly 2M immigrants. The additional capital will catalyze the company's ability to build on its digital offerings for immigrant communities, creating the first operating system for immigration.
Welcome Tech's mission and the results they've achieved has attracted some of the top talent in the tech industry. This includes Joe Munoz, technical founder of Tinder, Christopher Gulczynski, founder and former CCO of Tinder and subsequently Bumble, Rene Garcia, former Financial VP at USAA, as well as Gavin Hewitt, one of Hulu's founding team members. Leading the team are Chairman Raul Lomeli-Azoubel, former VP at Wells Fargo Bank and Chairman of the Board of Directors for MALDEF; as well as CEO Amir Hemmat, former public policy advisor turned tech entrepreneur.
"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
The company has established distribution channels allowing them to reach over 9M immigrants a year, an unparalleled level of engagement and trust with this hard to reach segment of the population. By leveraging data garnered from these engagements, Welcome Technologies has built products and AI powered services across affordable healthcare, micro-loans, educational resources and more.
"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 Welcome Technologies
Welcome Technologies' belief is that anyone should be able to live in any country and have easy access to the right information, products, and services they need to build a prosperous life.
In the words of Jeb Bush Jr., "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."
ABOUT WELCOME TECHNOLOGIES
Welcome Technologies, a For Benefit corporation, is the world's first platform dedicated to connecting the 250 million global immigrant community with the information, products, and services they need to thrive in a new country. For more information about Welcome Tech, please visit www.welcome.tech or follow us on Linkedin and Twitter.
Contact: William Leborgne
SOURCE Welcome Technologies
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