Skillit (platform)

Skillit is an American online platform that helps companies recruit skilled workers for the construction industry.[1][2] It is based in New York, U.S.[3]

History

Skillit was founded in 2021 by Fraser Patterson.[1][4][5]

In January 2023, Skillit received seed funding of $5.1 million from multiple investors, including Building Ventures.[6][7][8]

In July 2023, Skillit received further funding of $8.5 million from Bow Capital and MetaProp.[9][10]

Platform

Skillit is an online platform used by Engineering News-Record (ENR) contractors.[9][6] It helps users in managing project life cycles by connecting contractors with skilled workers across multiple trades.[9][2]

The platform uses a data-driven approach to categorize and assess worker skills and experience, which results in detailed worker profiles.[1][9] As per available data, this approach correlates with an increase in interview attendance and acceptance rates compared to industry averages.[9] Retention rates also show an increase.[9]

The platform also addresses a digital deficit in the industry and is available in multiple languages.[9] It has been described as a LinkedIn for construction workers.[1][7]

References
  1. Nicoll, Alex. "A proptech startup used this pitch deck to raise $5.1 million to build a LinkedIn for construction workers". Business Insider.
  2. Capaldi, Benedict. "Skillit". Inflection Point.
  3. "Axios Pro Rata: The SPAC that could". Axios.
  4. Russo, Philip (May 2, 2023). "Construction Loves Contech. The Relationship Hasn't Always Been Smooth". Commercial Observer.
  5. "Construction's labor gap could bring a hiring evolution". Construction Dive.
  6. Sherman, Erik. "Contec Company Skillit Launches Backed By Building Ventures, MetaProp". GlobeSt.
  7. "Skillit raises $5.1M seed round to fix skilled labor shortage". Axios.
  8. "Axios Pro Rata: Elon testifies". Axios.
  9. Russo, Philip (July 20, 2023). "Construction Labor Startup Skillit Closes $8.5 Million Seed Extension". Commercial Observer.
  10. Harris, William (July 21, 2023). "Skillit Raises $8.5 Million in Round Led by Bow Capital, MetaProp".
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