TechWolf Raises $43M Series B

We're thrilled to announce our Acadian Ventures portfolio company, TechWolf, has raised a $43M Series B led by Felix Capital.  SAP, ServiceNow Ventures, and Workday Ventures participated in the round, joined by 20VC, Acadian Ventures, Fortino Capital, Notion Capital, PMV, SemperVirens, and Stride.VC.

TechWolf provides AI-powered skills infrastructure to help enterprises establish an automatic, instant, and always up-to-date view of skills and skill gaps across their workforce. They have built a highly specialized skills AI system, spanning 15 proprietary language models and outperforming external language models in accuracy, transparency, and flexibility. The system is backed by TechWolf’s peer-reviewed research, which was applied to over 1.5 billion labor market data points, 40 million skill events, and 250 thousand recognized skill forms.

Our thesis when first investing in TechWolf back in 2022 was based on the believe that workers should be defined by their skills not titles and employers will fill jobs in the future based on skills development and expertise not job descriptions.  TechWolf continues to progress on this journey and today works with some of the most innovative companies across the world including GSK, Booking.com, and Metlife.  

Congratulations to the entire TechWolf team on this milestone.  You can read more about the round on Techcrunch. Also check on the TechWolf's blog post, our original investment thesis, and why we invested again.