Pursuit

Pursuit

Bridges underserved communities to tech careers

About Pursuit

Simplify's Rating
Why Pursuit is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Social Impact

Education

Company Size

201-500

Company Stage

Seed

Total Funding

$11.5M

Headquarters

New York City, New York

Founded

2011

Overview

Pursuit focuses on connecting underserved communities with opportunities in the technology sector. It offers a Fellowship program in New York City that provides one year of intensive training in technical and professional skills, followed by three years of career support. This program is unique because it requires no upfront costs from participants, making it accessible to those who may not afford traditional education. Pursuit also assists employers through its Pursuit Commit program, which helps companies hire and retain engineers from non-traditional backgrounds by providing ongoing support and training. The company generates revenue through partnerships with employers and is exploring innovative funding options to support its programs. Pursuit aims to significantly increase the income of its Fellows, contributing to individual and community development.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cybersecurity professionals boosts Pursuit's Ballistic X Pursuit Cyber Fellows program.
  • Macquarie Group's $2.75M investment highlights strong interest in social impact funding.
  • Remote work trends create flexible job opportunities for Pursuit's tech-trained graduates.

What critics are saying

  • Over-reliance on tech partnerships could be risky if companies face economic downturns.
  • Scaling cybersecurity training is challenging due to rapidly evolving threat landscapes.
  • Regulatory hurdles may impact Pursuit's innovative municipal bond financing model.

What makes Pursuit unique

  • Pursuit offers a unique four-year program with no upfront costs for Fellows.
  • The company partners with tech firms to retrain blue-collar workers, enhancing workforce diversity.
  • Pursuit's income share agreement model aligns financial success with Fellows' career achievements.

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Funding

Total Funding

$11.5M

Above

Industry Average

Funded Over

2 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Meal Benefits

Company News

Teknovation
May 6th, 2024
Ballistic Ventures And Pursuit Join Forces To Help Address The Cybersecurity Skills Gap

If cybersecurity is a major concern for your business, this one is for you. After all, you are probably facing the talent gap issue head-on. Ballistic Ventures, the venture capital... The post Ballistic Ventures and Pursuit join forces to help address the cybersecurity skills gap appeared first on Teknovation.biz.

PR Newswire
Apr 30th, 2024
Ballistic Ventures And Pursuit Launch Program To Address The Cyber Skills Gap With Diverse Talent

Blackstone and other corporate partners join the Ballistic X Pursuit Cyber Fellows program, charting a path to narrow the industry's talent gap and economic dividesSAN FRANCISCO and NEW YORK, April 30, 2024 /PRNewswire/ -- Ballistic Ventures , the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, and Pursuit , a workforce development social impact organization that trains low-income individuals so they can build careers in tech, today announced the Ballistic X Pursuit Cyber Fellows program , a groundbreaking initiative to tackle the cybersecurity skills gap by providing adults from non-traditional backgrounds with the training and support necessary to excel in these careers.The cyber skills gap is one of the most pressing challenges facing the cybersecurity industry today. Despite the industry's rapid growth, there is a significant shortage of qualified professionals – particularly from non-traditional backgrounds, as open opportunities aren't accessible to everyone. The Ballistic X Pursuit Cyber Fellows program aims to tackle this challenge head-on. Tapping into Pursuit's proven software development training program, the Ballistic X Pursuit Cyber Fellows program empowers talented adults from non-traditional backgrounds to get the training and support needed to be hired, retained and succeed in the cybersecurity industry.The Ballistic X Pursuit Cyber Fellows program charts a path to narrow the industry's talent gap and economic divides. Post this"The Ballistic X Pursuit Cyber Fellows program represents more than just a commitment to diversity in cybersecurity; it's a catalyst for innovation, fostering a convergence of unique backgrounds that will undoubtedly spawn new ideas, technologies, and approaches to secure our rapidly evolving world," said Jake Seid, Co-founder and General Partner of Ballistic Ventures. "At Ballistic, we believe in the power of diverse perspectives not only to address the industry's skills gap but to shape the future of cybersecurity."In existing Pursuit programs, which have focused on employing talent to software development and engineering teams, fellows have gone from earning an average of $18K to over $90K working at some of the best companies in the world

Tullahoma News
Dec 20th, 2023
Macquarie Group Foundation Makes First Social Impact Investment in the United States

The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.

Macquarie Group
Dec 20th, 2023
Macquarie Group Foundation makes first social impact investment in the United States

The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.

Macquarie Group
Dec 20th, 2023
Macquarie Group Foundation makes first social impact investment in the United States

The Macquarie Group Foundation ("the Foundation"), which drives social impact for Macquarie Group ("Macquarie"), today announced a commitment of $US2.75 million via a social impact investment and a philanthropic grant to Pursuit, a social impact organization that seeks to equip low-income individuals with technical and leadership skills to secure and excel in long-term careers as software engineers at best-in-class companies.

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