Chicago & Midwest + South Side + Industrial | February 28, 2023

Bitwise Industries, which provides technical training for residents of underserved communities, will be expanding to Chicago's South Side

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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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