Business classification

VCID: 14393117
Profile

Corporate information


Registration country
Investment activity status
Active investor

Company type

Selling online job training to the government.

Overview

Emerge sells online job training to the government. For example, Connecticut has allocated $840K to pay Emerge to train 140 incarcerated people to become truck drivers. The US government allocates ~$10 billion in job training funds every year, which is distributed to state and local governments, and eventually paid off to small brick-and-mortar job training programs, with horrible track records. In just three months since launch, we’ve already signed $2.25 million in LOIs with three cities. Our first deal for $82.5K / month starts next week. Each year, more than 600,000 individuals are released from state and federal prisons. Another nine million are released from local jails. Yet, a year after reentry, 60% of formerly incarcerated people remain unemployed. The success of Emerge creates a win-win-win situation: (1) jobs for reentrants, (2) workers for labor-starved industries, and (3) reduction in crime and recidivism.