Canada-based company that seeks to match talented immigrants to educational and career opportunities, Passage raised USD 30 million (C$40 million) in seed funding. The round took place on June 27, 2023. Drive Capital led the financing for the funding.
Purpose of funding for Passage
With the latest proceeds, Passage seeks to build out its operational capacity. It also has plans to further develop its technological platform.
In addition, the company intends to execute its first pilot project – which aims to help more than 100 female-identifying students from Afghanistan access Canadian educational opportunities with clear career paths to fields facing acute worker shortages across the nation.
What the company’s official has to add
Martin Basiri, the founder of the company, said, “At a time when our country struggles to fill critical jobs in STEM, bioscience, manufacturing, cybersecurity, health care, trades, and more, we know that there is a pool of dedicated talent globally who wish to study and work in Canada yet lack the financial means to do so. Our mission at Passage is to provide access to life-changing educational and career opportunities. Passage’s platform empowers immigrants to access opportunities by matching their talents with Canada’s most crucial workforce needs. The passage then works to provide financial solutions and connect them to the logistical support they need in their transformational journeys to life in Canada.”
What the investors have to comment
Nick Solaro, Partner at Drive Capital, further said, “An investment like the one we are making in Passage is an investment in Canada’s future. With thousands of jobs sitting unfilled in the economy, affecting goods and services Canadians need, Canada is facing a socio-economic crisis that must be addressed. Martin and his talented team are doing just that. Passage will serve the best talent in the world – while also serving Canada.”
About the company
Martin Basiri is the CEO and founder of the company. The passage is a platform that matches international talents with Canada’s workforce needs. Its mission is to provide access to life-changing educational and career opportunities. By offering financial solutions, Passage is able to best facilitate a newcomer’s transition to life in Canada. The company offers financial solutions which enable it to best facilitate a newcomer’s transition to life in Canada. This transformative platform serves as a comprehensive tool and companion, providing guidance and resources for newcomers to begin their journey to a new life in Canada.
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