WiT-ACE (Women in Technology- Accelerated Career Experiences) on Thursday announced that it has raised $1 million as part of its first seed fund led by founders of CitiusTech. This investment will be used to scale up its tech platform as well as for its expansion and strategic partnerships.
Founded in 2018 by Anuranjita Kumar, WiT-ACE is a platform focused on increasing women's participation in the STEM workforce. The vision of WiT-ACE is to ensure at least 50 percent of women in decision-making roles. To achieve this goal, the focus is to strengthen the current weak talent pipeline in the industry through focused skilling for women at all stages. Through its industry-governmental-academic partnerships, WiT-ACE is working closely to ensure policy and education impact in the industry.
“The 100+ clients engaged with over 200k women on the platform in less than 11 months in one of the toughest years for business, gives us a good grip of industry needs and the confidence to grow this organization to the next phase of exponential growth.”, says, Anuranjita Kumar, Founder, and CEO, WiT-ACE.