What is Career TEAM?
Career TEAM, established in 1996, is a provider of workforce services and innovative software solutions tailored for job seekers, workforce boards, colleges, and government agencies. The company has a substantial track record, having assisted over 1 million job seekers across 43 centers nationwide. Its core mission revolves around closing the opportunity divide and reducing unemployment through a combination of case management, business services, and professional development training. Career TEAM employs both high-touch and high-tech methodologies to deliver its comprehensive suite of services, aiming to enhance community impact through modernized workforce solutions.
How much funding has Career TEAM raised?
Career TEAM has raised a total of $24.8M across 1 funding round:
Other Financing Round
$24.8M
Other Financing Round (2022): $24.8M with participation from Iron Creek Partners and Main Street Capital
Key Investors in Career TEAM
Iron Creek Partners
Iron Creek Partners is a private investment partnership focused on sustainable growth and value creation in software and technology-enabled services companies within the lower middle market. They specialize in majority equity investments and aim to build valuable companies with meaningful societal benefits.
Main Street Capital
Main Street Capital Corporation is a principal investment firm providing long-term debt and equity capital to lower middle market companies. They focus on supporting management buyouts, recapitalizations, growth financings, and acquisitions, often acting as a one-stop financing alternative.
What's next for Career TEAM?
The recent major strategic investment in Career TEAM signals a pivotal moment for the company, likely enabling accelerated expansion of its software solutions and broader reach within the workforce services market. This capital infusion is expected to fuel further innovation in addressing unemployment and opportunity gaps. The company's focus on modernizing its offerings positions it for continued growth and increased influence in the sector, potentially leading to new partnerships and enhanced service delivery capabilities.
See full Career TEAM company page
