Virtual Internship Partners raises £12.5m Series A funding led by Hambro Perks to scale its education platform.
The funding round was led by Hambro Perks with participation from international backers across three continents.
Virtual Internship Partners operates a remote-first education technology platform that coordinates global internship placements for students. The company connects young people with host companies across more than 100 countries.
Virtual Internship Partners has secured £12.5m in a Series A funding round led by Hambro Perks. The capital will enable the remote work experience platform to scale its technology infrastructure as demand for digital learning accelerates globally.
Participation in the round spanned three continents, drawing backing from Sequoia India and Southeast Asia's Surge, Arsenal Growth, Kaplan, Ascend Vietnam Ventures, and STIC Investments. The funding supports the company objective to widen access to international internships for students in higher education.
Chief executive Daniel Nivern noted that the shift towards remote work requires educational models that prepare graduates for modern careers. The firm collaborates with universities and governments to match students with host organisations ranging from early-stage ventures to established enterprises.
From the founder
"We have seen a clear societal shift towards remote work, a trend that we believe will continue to accelerate at pace. We should embrace the opportunities that this presents, and platforms like Virtual Internships help students and graduates from around the world to acquire new skills that will accelerate their career growth and prepare them for the 21st-century workplace. Our mission is to bridge the gap between education and the workforce by making global remote work experience accessible to all in a digital and borderless world."
Daniel Nivern
CEO at Virtual Internship Partners
Investor perspective
"Virtual Internships is addressing the needs of a more digital working world and providing opportunities for young people from all backgrounds to be part of the globalized economy. The global network that the team is creating through the platform –with customers, teams, and investors worldwide– is unique and exciting, and we are delighted to be supporting them through their next stage of growth."
Nicholas Sharp
head of Hambro Perks Growth EIS Fund, Hambro Perks
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Nicholas Sharp
Hambro Perks
Surge
Jason Rottenberg
Arsenal Growth
Kaplan
Ascend Vietnam Ventures
STIC Investments
Categories
About the company
Virtual Internship Partners
Virtual Internship Partners runs a digital platform connecting students with global remote work experience.