Sqore Raises $3.5M in Venture Capital Funding

sqore-logoSqore, 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.




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