InternMatch
Transforming employability outcomes for skilled individuals and businesses through internships.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | AUD10.0m | Series A | |
| Total Funding | 000k | ||
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InternMatch operates as a global workforce EdTech platform that connects students, graduates, and career changers with businesses for internship opportunities. The company was founded in Melbourne, Australia, in 2016 by Gerard Holland and Domenic Saporito. Initially launched as Outcome.Life, the service aimed to solve the problem of graduates being unable to find employment without practical work experience. The firm rebranded to InternMatch in 2020 after developing its internship placement aggregator platform and at the request of education providers to help improve graduate employability outcomes.
Gerard Holland, the company's CEO, transitioned from a career as a Chartered Accountant to an entrepreneur after identifying this critical gap in the education-to-workforce transition. His background includes roles at Pitcher Partners, the Royal Bank of Scotland, and serving as the Executive Director of Finance at Australian Technical & Management College. This experience in finance and education underpins the company's mission to create equal employment opportunities.
The business operates on a multi-faceted model, serving students, universities, and host companies. Its platform uses technology, including machine learning, to vet both candidates and companies, matching interns' skills and goals with business requirements. Revenue is generated by charging universities and government bodies for internship placements and collecting a recruitment fee when a company hires an intern after their placement, which occurs in approximately 65% of cases. The company provides fully supported 12-week internship placements, job readiness education, and career planning services. A pivot to remote internships during the COVID-19 pandemic enabled significant international expansion. Following a $10 million Series A funding round in July 2022 led by Doma Group and Henslow, InternMatch has expanded its operations to the UK, Europe, Canada, the USA, and Africa.
Keywords: internship placement, graduate employability, EdTech, career development, workforce development, student internships, global internships, job readiness, career planning, higher education partnerships, remote internships, skills matching, education technology, talent acquisition, university partnerships, professional networking, work experience, career transition, graduate jobs, youth employment