What happened: Vancouver-based Riipen raises $5 million from investors
Why it matters: Tech company specializes in connecting students with companies to work on real-world projects
A Vancouver tech firm that connects companies with post-secondary schools for real-world projects has more dollars at its disposal following a multimillion-dollar investment.
Riipen Networks Inc. announced Wednesday (December 11) a $5 million raise led by Reach Capital.
Other participants include Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium and ASU ScaleU.
“We backed Riipen because their experiential learning marketplace allows students to meaningfully engage with employers on relevant projects and enables employers to attract new talent that may have previously been overlooked," Reach Capital general partner and co-founder Shauntel Garvey said in a statement.
Riipen’s platform facilitates connections between more than 5,000 employers and 40,000 students at 150 post-secondary institutions.
“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,” Riipen CEO and founder Dana Stephenson said in a statement.
