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Reading: Craftt Raises $2M in Seed Funding to Empower the Modern Workforce
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Home > News > Craftt Raises $2M in Seed Funding to Empower the Modern Workforce
News

Craftt Raises $2M in Seed Funding to Empower the Modern Workforce

Shalini Pathak Published Nov 11, 2024
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Craftt Raises $2M in Seed Funding to Empower the Modern Workforce
Craftt Raises $2M in Seed Funding to Empower the Modern Workforce
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Craftt, a platform built on decentralized infrastructure for the modern workforce, has successfully closed US$2 million in seed funding. The round was led by Superscript, accompanied by DCG, and participation from notable angel investors. This funding milestone will accelerate the development of its decentralized infrastructure and fuel platform growth of partnerships, ecosystem apps and integrations, and community-building efforts.

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Craftt aims to offer universal benefits that enable financial confidence so anyone can have the freedom to choose where and how they work without worries. The platform and ecosystem will simplify and empower a seamless and connected workforce with income and earnings, healthcare and insurance, perks and rewards, and work-life support, all subsidized through network economics.

The company believes in the future of a dynamic workforce that values flexibility, autonomy, and control over their careers. Work will no longer be just about the 9-to-5 grind, climbing corporate ladders, or holding a single job title. Now, especially in the age of AI, the workforce has more tools available than ever to get ahead and thrive in independent careers. However, while work has evolved, the systems the workforce and companies rely on have yet to keep pace. The significant friction caused by traditional tools and frameworks has been a hurdle to more fluidity in the labour market.

Speaking on the fundraising, Jacob Ko, Superscrypt, said:

We are excited to back Craftt in building their vision of an empowered modern workforce. Their platform allows companies to easily access, interact with, and transact with independent workers, verify their work history, and provide them with benefits otherwise unavailable to them. Human and work relationships are made easy, powered by benefits and incentives.

Craftt is designed to tackle labour challenges in new ways through an integrated decentralized platform that will deliver universal benefits, streamline global payments and finances, and meet compliance needs with the use of verifiable credentials:

  • Craftt ID—represents a user’s identity and profile for single sign-on authentication and verification to connect the universal benefits system.
  • Craftt Pass—the gateway to universal benefits, opportunities, earnings, and rewards. It’s an all-in-one application that empowers users with a growing ecosystem designed to support and enhance their careers.
  • Benefits & Payments Infrastructure—the core of Craftt’s universal benefits system, earnings and network monetization layer, and global payment solutions.
  • Craftt API and no-code tools—solutions for partners and builders to integrate Craftt into their applications and offer access to universal benefits for their users.

Anna Bertha, Investor, DCG, added:

The Craftt team’s innovative approach to decentralizing the future of work is powering opportunities for millions of independent workers around the globe. We believe in the transformative potential of their platform and are proud to support their mission of redefining how work is organized and valued.

Craftt Pass is now available in public beta, providing quick access to unique cashback and discounts on worldwide health insurance. The organization has integrated with World ID, the internet’s digital evidence of human identity, allowing its 15 million+ World App users to sign in with Worldcoin to Craftt Pass for universal benefits. It will further develop the platform towards a Layer-2 infrastructure, expand its ecosystem partnerships, and allow Craftt Pass users to unlock even more benefits, opportunities, earnings, and rewards. Early Craftt Pass users will have exclusive access to upcoming features, upgrades, and ecosystem apps. The global workforce and independent workers can claim their Craftt Pass now at craftt.xyz.

TAGGED: Artificial Intelligence, Community, Employee Benefits, Healthcare, Partnerships, Workforce Development
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By Shalini Pathak
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Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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