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Welcome Tech, an app set up to connect immigrants with all the information and services they need to thrive in a new country, has raised $35 million in a funding round led by SoftBank.
The Japanese tech giant led Welcome’s Series B alongside TTV Capital and Owl Ventures. The US startup, which was founded in 2010, also drew angel investments from Emma Bloomberg, the daughter of billionaire mogul Mike, and Jeb Bush Jr.
SoftBank invested as part of its $100 million Opportunity Fund. Launched last year, the fund aims to improve diversity in the world of venture-capital-backed startups, which are overwhelmingly led by white male founders.
Serving nearly 3 million active users in the US, Welcome Tech plans to use the latest batch of funding to improve its services and further demystify and undo the pain points that make it difficult for immigrants to access resources.
“We have secured world-class investors and hired a diverse and highly experienced team in order to achieve our goal of creating a world where anyone can succeed anywhere,” said cofounder and CEO Amir Hemmat.
Gosia Karas, VP and head of growth stage investments at SoftBank’s Opportunity Fund, praised Welcome Tech for working to “harness technology to propel immigrant success.”
She added: “Welcome Tech’s goals are strongly aligned with our vision of expanding access and opportunity to overlooked communities, and we are very excited to help the company’s unique and talented team grow the business.”
Insider got an exclusive look at the deck Welcome Tech used to bring investors on board. Check it out below: