Recruitment platform Skillit, which serves the construction sector, has closed a $5.1 million U.S. seed funding round.
The New York City-based company will use the investment to enter new regional markets and hone its product offering. The company is building its product development, engineering, customer success and sales teams.
Skillit says it “vets workers with proprietary, trade-specific assessments, while collecting hundreds of data points to create the first rich, taxonomized view of skilled construction labor across the entire employee lifecycle.”
It enables sourcing, skills assessment, hiring, training, evaluation and win-back (marketing programs that focus on re-engaging former workers by offering them rewards or incentives) on one platform, which it says “meaningfully improves workforce ROI for contractors facing record labor shortages.”
The startup adds that its vetted candidate profiles, custom matching, automated workflows, data-driven compensation and labor market insights improve the hiring experience for both contractor and worker.
CEO Fraser Patterson, a former carpenter and general contractor, founded Skillit in response to what he perceived as a lack of data helping contractors to efficiently find, hire and keep workers.
“Trade talent doesn’t want gig work, and they don’t want to be constantly marketing themselves. They want opportunities to be a part of something larger and to grow their skills and their careers,” he said.
“At Skillit, we connect the supply of workers with massive contractor demand, and we do it surgically so that builders can hire the right people at the right times.”
The funding round was led by Building Ventures with participation from MetaProp, Holt Ventures, Great North Ventures, 1Sharpe Ventures and TakeOff Capital.
“Skillit is solving the single greatest challenge facing builders today—the hiring and retention of skilled craft workers,” said Building Ventures co-founder and general partner Jesse Devitte.
“With the seed round, Fraser and the Skillit team will open new regional markets, refine the product offering with real customer usage and feedback and ultimately move the recruitment and retention of skilled labor into the 21st century.”