Career Karma Raises $40 Million To Connect Tech Career Hopefuls To More Education Opportunities

With no end in sight to the Great Resignation, Ruben Harris sees an opportunity. “This is probably the greatest reallocation of labor since World War II,” says Harris, cofounder and CEO of Career Karma, a startup which matches career switchers to alternative education paths that might help them break into the tech industry.

He may be onto something: Career Karma, which earns money for every introduction it makes between a prospective student and a school, is bringing in eight figures (more than $10 million) in annual recurring revenue. On Monday, the San Francisco startup announced a $40 million Series B funding round led by Top Tier Capital Partners, a fund of funds, with participation from GV, as well as existing investors Initialized Capital and SoftBank. Other backers include a long list of family offices and angel investors, the majority of whom are women or people of color, a point of emphasis for Harris, who is Cuban-American.

Founded in 2018 by Harris and twin brothers Artur and Timur Meyster, Career Karma grew out of a podcast the trio launched two years earlier to help outsiders to break into the tech industry. Harris, a native Spanish speaker who graduated with degrees in music and business, had moved to San Francisco without a background in tech or a job offer, but launched his career after securing a contract position at the edtech startup AltSchool. Timur Meyster was able to secure a software engineering job in Silicon Valley after attending the coding bootcamp App Academy.

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