Sqore, a Stockholm, Sweden-based edtech startup, raised $3.5m in venture capital funding.
The investment was made by Northzone, early backers of Spotify, Avito, and iZettle.
The company intends to use the funds for product development and creation of a dedicated sales unit.
Established in 2010 and led by Niklas Jungegård, CEO, Sqore provides a testing platform that allows universities and organizations to create online challenges and competitions that test relevant and applicable skills of talented students. The solution leverages a self-adaptive skill assessment algorithm that calculates a candidate’s rankings dynamically, based on engagement, activity and performance, thus ensuring prioritization for employers and universities.
Clients include IBM, Shell, IKEA, Morgan Stanley, KPMG, The Economist Group, and Bertelsmann.