This is the Welcome Tech pitch deck to raise a $35m series-b round in 2021.
About
Welcome Technologies is a platform dedicated to connecting the 250 million global immigrant communities with the information, products, and services they need to thrive in a new country. Today, the company has an unparalleled reach of over 9M immigrants a year and a membership of nearly 2M active users. Its platform combines the power of technology and security to provide its members with trusted, customized solutions across sectors such as Finance, Education, Healthcare, Telecommunication, and Government Services.
Founded by immigration and technology experts, Welcome Tech is headquartered in Los Angeles, California.
Welcome Tech, an app set up to connect immigrants with all the information and services they need to thrive in a new country, has raised $35 million in a funding round led by SoftBank.
The Japanese tech giant led Welcome’s Series B alongside TTV Capital and Owl Ventures. The US startup, which was founded in 2010, also drew angel investments from Emma Bloomberg, the daughter of billionaire mogul Mike, and Jeb Bush Jr.
SoftBank invested as part of its $100 million Opportunity Fund. Launched last year, the fund aims to improve diversity in the world of venture-capital-backed startups, which are overwhelmingly led by white male founders.
Serving nearly 3 million active users in the US, Welcome Tech plans to use the latest batch of funding to improve its services and further demystify and undo the pain points that make it difficult for immigrants to access resources.
“We have secured world-class investors and hired a diverse and highly experienced team in order to achieve our goal of creating a world where anyone can succeed anywhere,” said cofounder and CEO Amir Hemmat.
Gosia Karas, VP and head of growth stage investments at SoftBank’s Opportunity Fund, praised Welcome Tech for working to “harness technology to propel immigrant success.”
She added: “Welcome Tech’s goals are strongly aligned with our vision of expanding access and opportunity to overlooked communities, and we are very excited to help the company’s unique and talented team grow the business.”
Funding rounds
|
Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Apr 21, 2021 | Series B – Welcome Technologies | 7 | $35M |
Owl Ventures, SB Opportunity Fund, TTV Capital
|
| Mar 3, 2020 | Series A – Welcome Technologies | 2 | $8M |
Crosscut Ventures
|
| Jun 1, 2016 | Series A – Welcome Technologies | 3 | — | — |
| May 1, 2015 | Series A – Welcome Technologies | 1 | — | — |
| Jan 1, 2014 | Seed Round – Welcome Technologies | 1 | — | — |
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