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Venture Capital News: Promise Inks $3M in Funding

MOUNTAIN VIEW, CA, Promise, a criminal justice reform startup, has raised $3M in funding led by First Round Capital.
According to published reports, Promise, a criminal justice reform startup, has raised $3M in funding.

The round was led by First Round Capital with participation from Jay-Z's Roc Nation LLC, Y Combinator, Kapor Capital, 8VC and Adelfos.

Promise is a soon to be released technology platform that provides a cost-effective, more humane alternative to incarceration by extending the capabilities of community supervision, improving long-term outcomes for individuals and communities. Promise extends the scale and effectiveness of community supervision by balancing human touch and technology to improve long-term outcomes. Our evidence-based program provides holistic support for participants while reducing recidivism and forging safer communities. That's our promise.
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