Inclusive Economy | June 10, 2022

ImpactAlpha Deal Spotlight: Upskilling workers

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, June 10 — Half of the global workforce will need new skills by 2025. From healthcare to financial services, tech firms are raising capital to fill the training void.

Boston-based CareAcademy this week raised $20 million in a round led by Goldman Sachs Asset Management to upskill home health caregivers. The investment “positions CareAcademy to meet its ambitious goal of empowering 1 million caregivers by 2030,” said CareAcademy’s Helen Adeosun (see “Agents of Impact: Helen Adeosun).

Denver-based Guild Education raked in $175 million to launch corporate tuition assistance programs with employers, such as Disney, Walmart, Target and Macy’s, to help wage workers earn degrees. The round, led by Wellington Management, brings Guild’s valuation to $4.4 billion.

Worker ownership

Apis & Heritage last year launched a $50 million buyout fund to help small and mid-sized businesses with large Black and Brown workforces transition to employee ownership. The Maryland-based investment firm has inked its first two deals: Denver-based Apex Plumbing and El Paso, Tex.-based Accent Landscaping Contractors.