Riipen, a Toronto, Canada-based developer of a platform that enables students at postsecondary institutions to connect with real-world projects from companies, raised $3.75m in funding.
Backers included Reach Capital, Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, and ASU ScaleU.
The company intends to use the funds to continue to expand operations.
Led by Dana Stephenson, founder and CEO, Riipen provides a platform that enables students at postsecondary institutions to connect with real-world projects from companies to collaborate with post-secondary students on real-time, real-world challenges that are embedded directly into coursework.
The company now serves more than 5,000 employers and 40,000 students at 150 colleges and universities globally. Employers, from IBM to the YMCA of South Hampton Roads, have used the platform to conduct research on emerging markets, build their talent pipelines, and strengthen their brand among students and young professionals.