Riipen Analysis: $9M Raised
What is Riipen?
Riipen is a work-based learning platform connecting students, educators, and employers through real projects, enhancing practical experience and employability outcomes.
Employees
170
Founded
2016
Industry
B2b Saas
Latest Funding Round
Pre-seed
Latest Funding Round Size
Pre-Series A
Public Company Status
Private
Recent Venture Round Amount
$3,750,000
Use Clay
No
Product Features & Capabilities
- Work-based learning projects for students
- Real-world project integration into academic curricula
- Employer access to student talent for project completion
- Experiential learning programs including FuturePath, Level UP, Advance Ontario, and IBM SkillsBuild
- Project-based internships and workforce development programs
Use Cases
Educators integrate real-world projects into curricula to improve student employability; Students complete paid remote or hybrid projects to build skills and professional networks; Employers access student talent to complete projects at no cost; Universities gain reputation through experiential learning partnerships; Students add real value to organizations by contributing to business goals
How much Riipen raised
Pre-Series A - $5 million CAD
December 11, 2019Lead Investor: Reach Capital, Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, ASU ScaleU
Seed - $3.75 million
December 12, 2019Lead Investor: Reach Capital, Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, ASU ScaleU
Other Considerations
Serves 700+ academic institutions and 44,000+ employers; Facilitated 272,000+ learner experiences and 18.4M+ hours of applied learning; Partnerships with IBM, RBC, AccessEmployment, and CIC; Trusted by 31K+ employers and 430+ schools in 9 countries
Sales Tech Stack
Riipen utilizes HubSpot as part of its sales technology stack. HubSpot is a customer relationship management (CRM) software that enhances marketing and sales processes, indicating that Riipen employs this tool to manage its sales operations effectively.
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Financial Overview
$9MTotal Raised
Pre-Series A$5 million CAD
December 11, 2019
Investors: Reach Capital, Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, ASU ScaleU
Seed$3.75 million
December 12, 2019
Investors: Reach Capital, Strada Education Network, SEI Ventures, EduLab Capital Partners, Entangled Group, Atrium, ASU ScaleU