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New Apprenticeship Closes $2.5 Million Seed Funding To Solve Entry Level Tech & Diversity Hiring Gaps

Published Tuesday, September 14, 2021
by New Apprenticeship
New Apprenticeship Closes $2.5 Million Seed Funding To Solve Entry Level Tech & Diversity Hiring Gaps

(SAN ANTONIO, TEXAS) - New Apprenticeship (NEW), the Federally-recognized Digital Apprenticeship solution that is bridging the tech skills and opportunity gap, has announced the close of a $2.5 million seed funding round.

The financing was led by ECMC Group's Education Impact Fund, with participation from the Dell Foundation, Michelson 20MM Foundation, Learnstart and others.

This funding will allow the company to build out its management team while also making significant investments in sales operations and technology to efficiently scale and serve the growing number of tech employers and their surrounding communities.

"We believe Apprenticeship equips employers to become the engines of digital talent production.  Forward-thinking companies partner with us to build sustainable talent pipelines, fueling their short and long-term talent needs.  Modern degree Apprenticeships represent the greatest breakthrough in workforce innovation because they create accessible pathways for students to pursue high-value careers without requiring access to costly four-year universities," New Apprenticeship CEO Brad Voeller said.

NEW partners with leading employers to fundamentally change the way tech talent is recruited and developed - which works to maximizes return on talent investments through ownership and control of talent pipelines, ensuring faster onboarding, improved performance, higher retention, and overall lower cost of talent. 

The company was founded to support diverse communities of students, Veterans and the underemployed with an innovative "earn-and-learn" pathway that combines on-the-job experience with expert training.

A NEW Apprenticeship leads to a Department of Labor (DOL) Apprenticeship Certification, including up to 30-hours of credit towards a Bachelor's Degree from accredited partner colleges.

In collaboration with education and workforce partners, NEW offers learners a direct on-ramp to tech careers where they previously did not exist.

And employers get direct access to a diverse and rich tech talent - a ready pipeline yielding substantial ROI savings in both hiring and retention gains.

NEW's 8-to-12-week Pre-Apprenticeship Program lays the right foundation to prepare and ensure candidates are work-ready on their first day of employment.

Once employed, candidates begin their 12-month Registered Apprenticeship through NEW's proven experience-based learning and customized model that features industry-recognized credentialing.

Certifications range from Digital Marketing, Data Analytics, IT Service Management, Cyber Security, Web Development, and more. 

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