Yaletown congratulates portfolio company Sokanu on sale of CareerExplorer to Penn Foster
March 19, 2021
We congratulate Sokanu (“So can you”), a Yaletown portfolio company, on its sale of its CareerExplorer platform to Penn Foster, a digital learning developer backed by BayPine and Two Sigma. CareerExplorer is a tool that helps you find your ideal career.
Founded in Vancouver in 2012, Sokanu designs career discovery platforms that help people match their natural traits, interests and abilities to specific careers. With support from investors like Yaletown Partners, Sokanu has grown to become the world’s most comprehensive source of career data and information.
The acquirer, Penn Foster, is an innovative provider of digital and blended learning programs that attract, upskill, and retain workers in America’s fastest-growing fields and professions. Penn Foster believes that education is for everyone.
Sokanu’s focus on the democratization of career development through digitization is a prime example of Yaletown’s emerging growth investment in technological innovation that is modernizing business models.
Yaletown Partners was among the initial investors in Sokanu and is proud to have contributed to its subsequent growth. Sokanu’s CareerExplorer platform has helped numerous workers find their ideal career by orienting their job paths toward roles that match their skills and passions with sectors of today’s labour market that are in high demand.
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