- Vancouver, B.C.-based education technology startup Riipen has raised $3.75 million to fuel growth of its technology that connects colleges and universities to employers. There are several companies aiming to build a bridge between students and postsecondary institutions, but Riipen focuses on helping instructors integrate real-world problems into coursework.
- Riipen serves more than 5,000 employers and 40,000 students 150 institutions around the world. Employers such as IBM and YMCA use Riipen to collect data on emerging markets and build their recruiting pipeline. Investors in the round include Reach Capital, along with Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, and ASU ScaleU.
- “Project-based, real-world experience has a profound impact on students. But this kind of experience is out of reach for too many of them,” Dana Stephenson, founder and CEO of Riipen, said in a statement. “To address this problem, we created Riipen to change the relationship between educational institutions and employers. Riipen is a powerful, proven platform that enables companies to rapidly identify and recruit students to work on projects. Working with Riipen, educational institutions can better serve students by getting them the experience that they need—now.”
Source: Geek Wire