Jack of all trades, master of none: it's a common pitfall of large scaling, arguably. LinkedIn, for instance, is unquestionably the leader of professional networking — which in turn promotes recruitment and digital skilling — however, it leaves holes for more niche-targeting and specific verticals. And that means room for competition.
Today, one of these hopefuls — a startup called RippleMatch that has built a recruitment platform to help organizations specifically to connect with recent graduates from more diverse backgrounds that match their needs — is announcing a Series A of $6 million to do just that.
The funding, which will be used to expand the platform, as well as for business development, is being led by G20 Ventures, with Work-Bench, and previous investors Accomplice, Bullpen Capital and AlleyCorp also participating.
The company is not disclosing its valuation, but it seems to be a “material step up,” as it has been on a steady growth curve and counts companies like Pfizer, TripAdvisor and Qualtrics among its customer base. This is also the first significant outside money that it has raised. RippleMatch’s very first funding, in fact, was the signing bonus that Co-founder Eric Ho received when he once got a job at Facebook. “It was the need to pay that back that led us to raising this Series A,” joked Andrew Myers, the other Co-founder who is also the CEO.
Myers and Ho met and started the company when they were still students at Yale University. Ho was about to graduate, but Myers was still in the thick of his undergrad degree, which he still has yet to complete (and, as is the way of tech founders, may never finish).
Read more here.
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