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InternMatch Student Internship Platform Raises $10 Million Series A for Global Plans

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Internal placement company InternMatch has raised $10 million in a Series A as it looks set to ramp up the global side of the business.

The round, led by Canberra real estate developer Doma Group, with the firm’s consulting firm Henslow also participated alongside existing investors.

The money will support InternMatch’s expansion into Canada, the United States and the UK.

The eight-year-old company, which started as Outcome.Life, provides international tertiary study advice and now helps university students and graduates complete a 12-week internship. Since the relaunch Entering the international market 18 months ago, the platform has placed more than 10,000 interns worldwide.

The company generates revenue by charging students and others for internships and by receiving a hiring fee if the company involved hires the student – which they do for about 65% of the internships.

Technology and engineering-related fields are the most requested sectors.

CEO of InternMatch Gerard Holland said the platform’s global focus allows them to join suitable candidates in positions that are in high demand.

“Many people don’t have the connections, support, or resources to end up in these skilled professional roles, and thus need a foot in the door through which they can use their knowledge and ‘real’ world experience,” he said.

“Our technology examines both the candidate and the recipient company to find a transparent, secure and responsible relationship is established so that: both parties are authorized and can form a long-term professional relation.”

Henslow MD Chris Taito said the ability of companies and interns to quickly and efficiently search for positions that match their talents and requirements is something he has not seen before

“The technology platform and machine learning behind the platform is a game-changer for the companies, universities and interns that InternMatch works with,” he said.

“We received a very strong response from our investor base and increasing interest from international investors. We as a company were impressed by the team and their apparent passion for tackling the employment crisis, not just in Australia but globally, and saw the value of having skin in the game to help them achieve this result.”

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