Tech service provider that trains workers in underrepresented communities, Bitwise Industries raised $80 million in fund led by existing investors Kapor Center and Motley Fool.
Bitwise invests in tech real estate, runs apprentice programs for underserved communities, and sells managed tech services to government and large corporations. It has opened training centers in ten cities across the United States, including Toledo, Ohio, and Bakersfield, California, with plans to expand to Chicago’s South Side later this year. The company claimed to have supported the training of over 10,000 people, with 80% of them landing technical jobs. According to the company, half of its apprentices are female, and about 20% are Black.