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Non-Profit Foundation
sorensonimpactfoundation.org

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Investments

15

Portfolio Exits

1

Funds

1

About Sorenson Impact Foundation

The Sorenson Impact Foundation supports worthwhile endeavors that maximize positive impact on the lives and societies they touch.

Sorenson Impact Foundation Headquarter Location

299 South Main Street Suite 2200

Salt Lake City, Utah, 84111,

United States

801-490-1003

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Latest Sorenson Impact Foundation News

FutureFit AI Raises $4.5M in Funding

Mar 30, 2022

FutureFit AI , a NYC-based AI-powered career navigation platform provider, closed on a first funding round of $4.5M in late 2021. The round was co-led by JPMorgan Chase and Acumen America with participation from Juvo Ventures, Sorenson Impact Foundation, Emerge Education, Techstars, and Plug & Play Ventures, as well as a number of prominent angel investors, including Fortune 500 HR executives and workforce development professionals. Carlyle Singer, the President of Acumen, will join FutureFit AI’s board. The company intends to use the funds to accelerate product innovation and growth. Led by Hamoon Ekhtiari, CEO, and Taylor Stockton, Chief Operating Officer, FutureFit AI provides the ‘navigation layer’ of workforce development connecting multiple stakeholders and solutions in a comprehensive user journey. The platform uses advanced labor market data and ethical machine learning algorithms to identify an individual’s ‘starting point’ in the labor market, recommend best fit career path ‘destinations’, and build a personalized roadmap of learning, resources, and work opportunities to successfully guide them from point A to point B. The company partners with Fortune 500 companies, governments, and workforce development organizations (including a flagship partnership with the National Association of Workforce Boards). FinSMEs 30/03/2022

Sorenson Impact Foundation Investments

15 Investments

Sorenson Impact Foundation has made 15 investments. Their latest investment was in FutureFit AI as part of their Seed VC on March 3, 2022.

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Sorenson Impact Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/30/2022

Seed VC

FutureFit AI

$4.57M

Yes

2

1/12/2022

Seed VC

Canary

$1.5M

Yes

1

6/11/2021

Seed VC

The Mentor Method

$1.4M

Yes

3

5/19/2021

Unattributed VC

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10

3/13/2020

Seed VC - II

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$99M

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10

Date

3/30/2022

1/12/2022

6/11/2021

5/19/2021

3/13/2020

Round

Seed VC

Seed VC

Seed VC

Unattributed VC

Seed VC - II

Company

FutureFit AI

Canary

The Mentor Method

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Amount

$4.57M

$1.5M

$1.4M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

3

10

10

Sorenson Impact Foundation Portfolio Exits

1 Portfolio Exit

Sorenson Impact Foundation has 1 portfolio exit. Their latest portfolio exit was WiseBanyan on October 24, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/24/2018

Acquired

3

Date

10/24/2018

Exit

Acquired

Companies

Valuation

Acquirer

Sources

3

Sorenson Impact Foundation Fund History

1 Fund History

Sorenson Impact Foundation has 1 fund, including Alpha Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Alpha Fund III

1

Closing Date

Fund

Alpha Fund III

Fund Type

Status

Amount

Sources

1

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