Investments
15Portfolio Exits
1Funds
1Latest Sorenson Impact Foundation News
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.
Sorenson Impact Foundation Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/30/2022 | Seed VC | FutureFit AI | $4.57M | Yes | Acumen, Emerge Education, J.P. Morgan Chase & Co., Juvo Ventures, Plug and Play Ventures, Techstars, and Undisclosed Angel Investors | 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 | |||||
3/13/2020 | Seed VC - II |
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 | ||
Amount | $4.57M | $1.5M | $1.4M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Acumen, Emerge Education, J.P. Morgan Chase & Co., Juvo Ventures, Plug and Play Ventures, Techstars, and Undisclosed Angel Investors | ||||
Sources | 2 | 1 | 3 |
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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