{"id":97247,"date":"2022-01-10T05:00:00","date_gmt":"2022-01-10T13:00:00","guid":{"rendered":"https:\/\/careerkarma.com\/blog\/?p=97247"},"modified":"2022-01-10T05:28:11","modified_gmt":"2022-01-10T13:28:11","slug":"career-karma-40-million-series-b","status":"publish","type":"post","link":"https:\/\/careerkarma.com\/blog\/career-karma-40-million-series-b\/","title":{"rendered":"Career Karma Raised a $40 Million Series B To Expand Into Higher Education and the Enterprise"},"content":{"rendered":"\n

Employers and Higher Education Institutions are using their reach and brands to provide new options for learners, while governments are starting to incorporate micro-credentials into policy, funding, and qualifications frameworks.<\/em><\/p><\/blockquote>\n\n\n\n

By The Numbers<\/strong><\/h2>\n\n\n\n
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The Problem<\/strong><\/h2>\n\n\n\n

The $2.6 Trillion<\/a> Post Secondary Education and Workforce Market is unbundling. In our view, Higher Education is not going away<\/a>, but higher education institutions are launching shorter, faster, and cheaper models that fit the needs of employers and the shifting preferences of workers for skills based training.<\/p>\n\n\n\n

Now that we have over 10 million open jobs in the United States and 4 million+ people quitting jobs as part of The Great Resignation<\/a>, employers are beginning to accept alternative credentials while workers are increasingly choosing these pathways to upskill into these roles that are in demand.<\/p>\n\n\n\n

The problem is that this landscape is confusing, which is why workers are choosing Career Karma to match them to the right job training program<\/a> and give them support<\/a> for the rest of their career.<\/p>\n\n\n\n

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Career Navigation Software (Product)<\/strong><\/h2>\n\n\n\n

We believe it\u2019s important to develop a relationship with the end consumer, so that we can truly support them throughout their career. <\/p>\n\n\n\n

With 1 billion people needing new skills by 2030<\/a>, there\u2019s infinite demand for job training, thousands of schools competing to get access to those people, and Career Karma serving as the sole bridge between workers, schools, and companies in its own category.<\/p>\n\n\n\n

We help workers through our product in the following ways:<\/p>\n\n\n\n