According to Business News Australia, Edtech startup InternMatch announced recently that the company has raised $10 million in a Series A round led by residential property developer Doma Group.
The Series A round also received backing from Melbourne-based investment firm Henslow, which facilitated the capital raise but decided to also invest after becoming convinced by InternMatch’s vision.
The capital injection will be used for business expansion into the Canadian, US and UK markets.
Founded in 2016, the Melbourne-based company focuses on providing university students and career changers with professional internships, training and mentor-ship by partnering with leading companies, start-ups and education providers across the world.
Placing more than 10,000 students into internships to date, InternMatch CEO Gerard Holland said that by creating a global community focused on employment and career outcomes, the platform could plug appropriate candidates into roles in critical demand.
The business, which was previously known as Outcome.Life, will also use a proportion of the capital to fund scholarships for underprivileged and underrepresented students.
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