Virtual Internships operates an AI-powered matching platform that connects students with internships at over 12,000 host companies across 100 countries and guarantees a match within one month. The platform provides pre- and during-internship training via its CareerBridge employability course, weekly check-ins, group discussions, webinars and coaching calls. The company reports that over 70% of interns work directly with founders or C-suite executives; about 25% are invited to continue with their matched company and 70% secure full-time roles within three months. Revenue grew from $100,000 in fiscal 2019/2020 to $4.1 million in 2021/2022, and the company expects to hit $10 million by 2023, with most revenue coming from university partnerships and also from governments and pathway programs. Founded in 2018 by Daniel Nivern and Edward Holroyd Pearce (who previously launched CRCC Asia), Virtual Internships emphasizes scalability and employability outcomes. Planned product work includes improving its matching process and building a post-internship employability portal to let companies find potential hires from its student and graduate database. Founded three years ago by Daniel Nivern and Edward Holroyd Pearce, Virtual Internships operates a platform that matches students with remote internship placements and manages the end-to-end administration. The company vets employers to ensure placements offer meaningful work and works with universities to select and monitor candidates. Its business model charges universities a fee when their students take internships; employers pay nothing but must demonstrate quality placements. Usage grew from a 100-person pilot to 1,700 during the pandemic and the company was targeting 6,000 internships in the current year. It currently works with 4,000 host companies in 70 countries and more than 100 universities; 36% of interns have received further work or full-time offers after placements. The team aims to scale to work with 1 million students within five years and will use new capital to invest in technology and build teams that liaise with universities and employers.

Total raised

$17M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2022