22 min
Fraser Patterson, CEO and Founder of Skillit: $13 Million Raised to Tackle the Skilled Labor Crisis in Construction Category Visionaries
-
- Entrepreneurship
Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech's most innovative B2B founders. In today's episode, we're speaking with Fraser Patterson, CEO and Co-Founder of Skillit, a construction staffing platform that has raised over $13 Million in funding.
Here are the most interesting points from our conversation:
Origin Story of Skillit: Frustrated by the challenges of hiring and retaining skilled workers, Fraser leveraged his unique background in construction and academia to launch Skillit, aiming to solve the skilled labor crisis through a tech-enabled platform.
The Aha Moment: Realizing the potential of using knowledge as a leading indicator of skill, Skillit was born out of the necessity to digitize and streamline the hiring process in the construction industry, offering digital craft assessments to accurately assess a worker's skill set.
Innovative Features: Skillit stands out by providing data-rich, 360-degree worker profiles, far surpassing the capabilities of traditional job boards and enabling employers to find, filter, and connect with skilled workers with unprecedented ease.
Digital Skill Assessments: Skillit's approach to digital skill assessments for physical trades by using knowledge-based questions to accurately gauge a worker's expertise is a game-changer in the construction hiring process.
Business Model and Growth: Offering a subscription and usage-based model, Skillit caters to the needs of employers with varying hiring requirements. The platform has seen significant growth, with customer growth of 540% year-over-year and skilled worker growth of 1000% in the same period.
Vision for the Future: Fraser envisions Skillit not only as a solution to the current skilled labor shortage but also as a platform that could potentially transform skilled labor into one of the greatest assets on earth by training and upskilling talent to meet the world's housing, infrastructure, and clean energy goals.
Welcome to another episode of Category Visionaries — the show that explores GTM stories from tech's most innovative B2B founders. In today's episode, we're speaking with Fraser Patterson, CEO and Co-Founder of Skillit, a construction staffing platform that has raised over $13 Million in funding.
Here are the most interesting points from our conversation:
Origin Story of Skillit: Frustrated by the challenges of hiring and retaining skilled workers, Fraser leveraged his unique background in construction and academia to launch Skillit, aiming to solve the skilled labor crisis through a tech-enabled platform.
The Aha Moment: Realizing the potential of using knowledge as a leading indicator of skill, Skillit was born out of the necessity to digitize and streamline the hiring process in the construction industry, offering digital craft assessments to accurately assess a worker's skill set.
Innovative Features: Skillit stands out by providing data-rich, 360-degree worker profiles, far surpassing the capabilities of traditional job boards and enabling employers to find, filter, and connect with skilled workers with unprecedented ease.
Digital Skill Assessments: Skillit's approach to digital skill assessments for physical trades by using knowledge-based questions to accurately gauge a worker's expertise is a game-changer in the construction hiring process.
Business Model and Growth: Offering a subscription and usage-based model, Skillit caters to the needs of employers with varying hiring requirements. The platform has seen significant growth, with customer growth of 540% year-over-year and skilled worker growth of 1000% in the same period.
Vision for the Future: Fraser envisions Skillit not only as a solution to the current skilled labor shortage but also as a platform that could potentially transform skilled labor into one of the greatest assets on earth by training and upskilling talent to meet the world's housing, infrastructure, and clean energy goals.
22 min