Fundraising

A VC told Keely Cat-Wells to get a male, non-disabled co-founder — she balked, nabbed a $2M pre-seed round

Comment

Keely Cat-Wells is the founder of Making Space.
Image Credits: Keely Cat-Wells

Talent acquisition platform Making Space, founded in 2023 by noted disability activist Keely Cat-Wells, announced today that it has closed on an oversubscribed $2 million pre-seed round led by Beta Boom. 

The startup seeks to help companies from all sectors hire, train and retain disabled talent. Prospective employees can sign up for free to look for open jobs, while on the company side, recruiters can find qualified candidates to fill positions, as well as access educational resources to better support and collaborate with disabled workers. 

Cat-Wells said she started this platform because traditional hiring processes are exclusionary, inaccessible and often overlook skilled, talented disabled people. She noted how many people are afraid of disclosing their disabilities at work for fear of discrimination, which prevents them from receiving proper accommodation.

A 2018 study by Accenture and the American Association of People with Disabilities found that companies that hire and support people with disabilities within their workforce have 28% higher revenue than those that don’t. Those companies also have higher profit margins. This study also found that U.S. GDP could increase at least $25 billion if more people with disabilities had the opportunity to join the workforce. Yet, studies have shown that disabled people are more than twice as likely to be unemployed, and are even less likely to graduate from college compared to non-disabled individuals. 

“I saw an opportunity to build new pathways to employment that could provide equal benefit to both employers and disabled workers,” Cat-Wells said, adding that societal limitations can cause disabled workers to set their goals and dreams lower than their potential. “We are passionate about getting disabled people into actual work, and creating careers rather than just jobs.”

Furthermore, disabled employees often have higher retention rates and high performance rates compared to non-disabled employees, helping to reduce turnover rates, according to the Job Accommodation Network.

Finding the right investors for this platform was tough, she said. Despite traction and technology, Cat-Wells said many investors doubted that a disabled-focused company could be a high-growth commercial success, which is what venture investors are ultimately looking for. “Many still view disability through the lens of charity and nonprofit,” she said.

“The disabled population represents a massive economic opportunity and many do not consider that anyone can become disabled at any time,” Cat-Wells said. “When we build solutions that integrate impact into fundamental business strategy, rather than treating it as an easily discarded initiative, we can start making systemic change.”

One prospective investor openly balked at backing a company led not only by a woman but by a disabled person, she said. She recalls that person telling her, “We love what you’re building but would only consider investing if you brought on a non-disabled, male co-founder.” 

That comment, she said, only reminded her of why she was building Making Space. “It’s also a reminder of the deep-seated biases and systemic barriers within venture,” she continued. “It shows how pervasive ableism and gender bias are.”

Cat-Wells ended up meeting her lead investor Beta Boom through another investor in the pre-seed round. Speaking to TechCrunch, Beta Boom founders Kimmy and Sergio Paluch called Making Space a “unique business.”

“It tackles the upskilling and trust hurdles faced by both disabled workers as well as employers,” they told TechCrunch.

The Making Space platform is just one part of Cat-Wells’ growing Making Space empire. The business also has a media arm, co-founded by disability activist Sophie Morgan, which has already partnered with the likes of Netflix and NBCUniversal to enhance employment for disabled talent in front and behind the camera. Already, Making Space is responsible for helping Netflix build a pipeline of disabled graphic designer talent, as well as the hiring of NBCU’s first disabled hosts for the Paralympics. It also signed an unscripted deal with Reese Witherspoon’s Hello Sunshine to tell the stories of those living with disabilities. 

Cat-Wells says the company hopes to further expand what Making Space can offer people. Already, it created a tool called Compass, which presents any disability as a transferable skill. That tool is currently in beta but will be released in a few months, she said. 

At just 28, Cat-Wells is a second-time founder, after having created and sold an entertainment talent agency that represented disabled artists and placed them in jobs for companies like Disney and Nike. She started the agency after facing discrimination herself as a teenager when her stoma bag was shown during an acting audition and the role she was offered was rescinded afterward. 

“It was really not until that time and that moment that I started identifying as disabled,” she said. “I also realized that what I experienced was not an isolated issue, that unfortunately being discriminated against as a disabled person in the hiring process and at work is normal. I want to change that.” 

Since then, she has become an award-winning powerhouse in the space — discussing disability rights at The White House, serving on boards and participating as an expert in discussions about disability rights with the likes of Kamala Harris and Prince Harry. Next, Making Space has some partnerships with Fortune 500 companies it will soon announce. It is also looking to expand its work in schools K-12 and spark more conversations about disability rights and opportunities. 

“We want to change the stat that disabled people are 2x more likely to be unemployed than non-disabled people,” she said.  

More TechCrunch

Thomas Ingenlath is having perhaps a little too much fun in his Polestar 3, silently rocketing away from stop signs and swinging through tightening bends, grinning like a man far…

With the Polestar 3 now “weeks” away, its CEO looks to make company “self-sustaining”

Some parents have reservations about the South Korean government’s plans to bring tablets with AI-powered textbooks into classrooms, according to a report in The Financial Times. The tablets are scheduled…

South Korea’s AI textbook program faces skepticism from parents

Featured Article

How VC Pippa Lamb ended up on ‘Industry’ — one of the hottest shows on TV

Season 3 of “Industry” focuses on the fictional bank Pierpoint blends the worlds — and drama — of tech, media, government, and finance.

How VC Pippa Lamb ended up on ‘Industry’ — one of the hottest shows on TV

Featured Article

Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

Selling under such circumstances is often not as poor of an outcome for founders and key staff as it initially seems. 

Selling a startup in an ‘acqui-hire’ is more lucrative than it seems, founders and VCs say

While the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams.

These  fintech companies are hiring, despite a rough market in 2024

This is just one area of leadership where Parker Conrad takes a contrarian approach. He also said he doesn’t believe in top-down management.

Rippling’s Parker Conrad says founders should ‘go all the way to the ground’ to run their companies

Congresswoman Nancy Pelosi issued a statement late yesterday laying out her opposition to SB 1047, a California bill that seeks to regulate AI. “The view of many of us in…

Nancy Pelosi criticizes California AI bill as ‘ill-informed’

Data analytics company Palantir has faced criticism and even protests over its work with the military, police, and U.S. Immigration and Customs Enforcement, but co-founder and CEO Alex Karp isn’t…

Palantir CEO Alex Karp is ‘not going to apologize’ for military work

Timo Resch is basking in the sun. That’s literally true, as we speak on a gloriously clear California day at the Quail, one of Monterey Car Week’s most prestigious events.…

Why Porsche NA CEO Timo Resch is betting on ‘choice’ to survive the turbulent EV market

Made by Google was this week, featuring a full range of reveals from Google’s biggest hardware event. Google unveiled its new lineup of Pixel 9 phones, including the $1,799 Pixel…

Google takes on OpenAI with Gemini Live

I’ve been playing around with OpenAI’s Advanced Voice Mode for the last week, and it’s the most convincing taste I’ve had of an AI-powered future yet. This week, my phone…

OpenAI’s new voice mode let me talk with my phone, not to it

X, the social media platform formerly known as Twitter, said today that it’s ending operations in Brazil, although the service will remain available to users in the country. The announcement…

X says it’s closing operations in Brazil

One of the biggest questions looming over the drone space is how to best use the tech. Inspection has become a key driver, as the autonomous copters are deployed to…

Ikea expands its inventory drone fleet

Brands can use Keychain to look up different products and see who actually manufactures them.

Keychain aims to unlock a new approach to manufacturing consumer goods

In this post, we explain the many Microsoft Copilots available and what they do, and highlight the key differences between each.

Microsoft Copilot: Everything you need to know about Microsoft’s AI

A hack on UnitedHealth-owned tech giant Change Healthcare likely stands as one of the biggest data breaches of U.S. medical data in history.

How the ransomware attack at Change Healthcare went down: A timeline

Gogoro has deferred its India plans over delay in government incentives, but the Taiwanese company has partnered with Rapido for a bike-taxi pilot.

Gogoro delays India plans due to policy uncertainty, launches bike-taxi pilot with Rapido

On Friday, the venture firm Andreessen Horowitz tweeted out a link to its guide on how to “build your social media presence” which features advice for founders.

A16z offers social media tips after its founder’s ‘attack’ tweet goes viral

OpenAI has banned a cluster of ChatGPT accounts linked to an Iranian influence operation that was generating content about the U.S. presidential election, according to a blog post on Friday.…

OpenAI shuts down election influence operation that used ChatGPT

Apple is reportedly shifting into the world of home robots after the wheels came off its electric car. According to a new report from Bloomberg, a team of several hundred…

Apple reportedly has ‘several hundred’ working on a robot arm with attached iPad

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. I’m Anna Heim from TechCrunch’s international team, and I’ll be writing this newsletter…

Another week in the circle of startup life

MIT this week showcased tiny batteries designed specifically for the purpose of power these systems to execute varied tasks.

Researchers develop hair-thin battery to power tiny robots

Rimac revealed Friday during The Quail, a Motorsports Gathering at Monterey Car Week the Nevera R, an all-electric hypercar that’s meant to push the performance bounds of its predecessor.

The Nevera R all-new electric hypercar can hit a top speed of 217 mph, and it only starts at $2.5 million

While the ethics of AI-generated porn are still under debate, using the technology to create nonconsensual sexual imagery of people is, I think we can all agree, reprehensible. One such…

A hellish new AI threat: ‘Undressing’ sites targeted by SF authorities

Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise more than $100 million, given its share…

African e-commerce company Jumia completes sale of secondary shares at $99.6M

We’re entering the final week of discounted rates for TechCrunch Disrupt 2024. Save up to $600 on select individual ticket types until August 23. Join a dynamic crowd of over…

Only 7 days left to save on TechCrunch Disrupt 2024 tickets

Epic Games, the maker of Fortnite, announced on Friday that it has officially launched its rival iOS app store in the European Union. The Epic Games Store is also launching…

‘Fortnite’ maker Epic Games launches its app store on iOS in the EU, worldwide on Android

After bringing AI overviews to the U.S., Google is expanding the AI-powered search summaries to six more countries: India, Brazil, Japan, the U.K., Indonesia and Mexico. These markets will also…

Google is bringing AI overviews to India, Brazil, Japan, UK, Indonesia and Mexico

The Commission is seeking more information from Meta following its decision to deprecate its CrowdTangle transparency tool. The latest EU request for information (RFI) on Meta has been made under…

Meta draws fresh questions from EU over its CrowdTangle shut-down

Twitter alternatives — new and old — have found audiences willing to try out a newer social networks since Elon Musk took over the company in 2022. Mastodon, Bluesky, Spill…

What is Instagram’s Threads app? All your questions answered