Springpod secures £1.9m from American Student Assistance to fund United States expansion.
American Student Assistance backed the investment to scale virtual work experience programmes for young people.
Springpod provides virtual work based learning programmes that connect students with employers and universities. The platform enables young people to explore career paths and build professional skills through online experiences.
Springpod has secured £1.9m in strategic funding from American Student Assistance to accelerate its expansion into the United States. The platform, which partners with major employers and universities to deliver virtual work experience programmes, will use the capital to introduce localised content and digital tools for American students.
The investment follows growing demand for online career readiness resources and builds on the company established partnerships within the UK education sector. American Student Assistance backed the round to help scale access to meaningful career preparation for young people.
From the founder
"This investment is a pivotal moment for us. The demand for our virtual work experiences has grown significantly, and ASA’s expertise will enable us to deliver our programs to more students on a much larger scale. We look forward to leveraging their leadership in career readiness as we continue to grow."
Sam Hyams
CEO at Springpod
Investor perspective
"The quality of Springpod’s experiences impressed us deeply, and we’re excited to support their efforts in increasing access to invaluable youth work-based learning experiences in the U.S.Far too many young people are graduating from high school without having completed any sort of work-based learning experience needed to help them make informed, confident decisions and navigate a path to postsecondary education and career success. Springpod is perfectly positioned to address this challenge at scale."
Rilwan M
Head of Impact Investments, American Student Assistance
Use of funds
- 01Expand into international markets
