Folio.works is a technology company.
Folio.works has raised $4.0M across 1 funding round.
Folio.works has raised $4.0M in total across 1 funding round.
Folio.works has raised $4.0M in total across 1 funding round.
Folio.works's investors include Babel Ventures, DuContra Ventures, Portage Ventures, Rebel Fund, Howard Lindzon, Ron Pragides.
Folio.works is a technology platform that connects students, professionals, and experts with paid training, internships, and remote AI projects, leveraging government wage subsidies and skills assessments to facilitate skills-based hiring.[1][2][3][5] It serves students, early-career professionals, medical experts, and employers—ranging from startups to enterprises—by solving high intern hiring costs (saving companies ~50% or $10,000 per intern via subsidies) and career entry barriers through aligned opportunities, training, and professional development.[1][2][5] The company has trained and placed over 30,000 individuals, works with numerous employers and schools, achieved a $1.2M annual run rate, and recently expanded into AI research fellowships paying $15-$200/hr for healthcare AI data annotation.[1][2][3]
Folio.works was founded by Cathy, its CEO, whose family grew up in public housing supported by foster parents, fueling her mission to revive the American Dream through accessible career pathways.[2] Drawing from her experience at Google[x], True Ventures, and founding teams of two startups with successful exits, Cathy launched the platform about a year prior to mid-2024 (implying a 2023-2024 founding), initially targeting startups with a $250/month fee per intern to quickly generate revenue amid high conversion costs (~$50K to full-time).[2] Early traction included serving over 1,000 students and 500 companies, hitting $1.2M run-rate, with pivots to enterprise pilots ($1,000/month fee) and AI fellowships.[2][3]
Folio.works rides the skills-based hiring and AI talent democratization trends, addressing intern shortages and $1.2B+ subsidy opportunities amid rising AI demands in healthcare and beyond.[2][3] Timing aligns with post-pandemic remote work flexibility, government incentives for youth employment, and AI's need for domain experts (e.g., medicine) over pure coders, enabling unbiased model training.[3] Market forces like high youth unemployment, startup budget constraints, and enterprise internship scaling favor it; Folio influences the ecosystem by bridging education-to-work gaps, boosting AI accessibility, and fostering non-linear careers via 30K+ placements.[1][5]
Folio.works is poised to scale via enterprise summer programs, AI Fellowship expansion, and more subsidy integrations, potentially multiplying its $1.2M run-rate as AI healthcare booms.[2][3] Trends like AI ethics (unbiased training), gig economy for experts, and subsidy awareness will propel growth, evolving its influence from intern matcher to full career platform. This empowers the next generation, directly tying back to reviving the American Dream through accessible, high-impact opportunities.[1][2]
Folio.works has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in July 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2024 | $4.0M Seed | Babel Ventures, DuContra Ventures, Portage Ventures, Rebel Fund, Howard Lindzon, Ron Pragides |