Bitwise Industries Will Bring Tech Training to Greater Grand Crossing
Fresno, CA-based Bitwise Industries, which offers technical training to underserved communities, has received an $80-million investment led by Kapor Center and Motley Fool with participation from the Growth Equity business within Goldman Sachs Asset Management and Citibank. The new funding will be used in part to expand Bitwise’s footprint to Chicago’s South Side.
A 6,000-square-foot, South Chicago Avenue building will serve as a temporary home to Bitwise Industries’ local operation while a permanent space is finalized. The building, located in Chicago’s Greater Grand Crossing community, will operate in partnership with nearby Comer Education Campus.
“This latest raise, led by a group of distinguished investors, acknowledges the role technology plays in driving economic impact in previously underserved communities, validates our model and makes it possible for us to roll out our proven approach into other parts of the country,” said Jake Soberal, Bitwise Industries co-CEO and co-founder.