Virtual Internships, a Vietnam and United Kingdom-based EdTech company, announced Thursday that it has closed a $14.3 million Series A raise led by Hambro Perks.

The round was also supported by Sequoia India and Southeast Asia’s Surge, Arsenal Growth, Kaplan, Ascend Vietnam Ventures, and STIC Investments, Virtual Internships said in a statement.

According to the statement, the capital will help Virtual Internships to further scale its education platform as demand for remote work and learning continues to grow.

The global nature of the fundraise, made up of investors across three continents, reflects the business’ ambitions to continue to expand the platform
internationally and make internships at the most exciting companies accessible to all.

“We have seen a clear societal shift towards remote work, a trend that we believe will continue to accelerate at pace,

“We should embrace the opportunities that this presents, and platforms like Virtual Internships help students and graduates from around the world to acquire new skills that will accelerate their career growth and prepare them for the 21st-century workplace,” said Daniel Nivern, Chief Executive Officer of Virtual Internships.

According to him, the group’s mission is to bridge the gap between education and the workforce by making global remote work experience accessible to all in a digital and borderless world.

Virtual Internships offers programs across all industries in more than 100 countries, creating opportunities for the more than 250 million students in higher education worldwide to undertake a virtual internship.

The unique platform ensures intelligent, rapid matches between students and companies globally, guaranteeing an internship match for every student within one month, regardless of their background, major, location, or desired career field.

“Virtual Internships is addressing the needs of a more digital working world and providing opportunities for young people from all backgrounds to be part of the globalized economy,

“The global network that the team is creating through the platform –with customers, teams, and investors worldwide– is unique and exciting, and we are delighted to be supporting them through their next stage of growth,” said Nicholas Sharp, Managing Director at Hambro Perks.

Meanwhile, Kaplan International Pathways Managing Director Linda Cowan said the group is delighted to be supporting Virtual Internships as their first strategic partner in this latest round of funding.

“Their work-integrated learning approach and mission to increase accessibility for students align closely with Kaplan’s keen focus on enhancing the employability of our international students,

“We have received extremely positive feedback from our students who have undertaken internships with Virtual Internships and look forward to continuing to work with the team,” she said.

Arsenal Growth Co-Founder and General Partner Jason Rottenberg said the trajectory of the future of work has shifted dramatically over the last two years.

“As a result, global institutions of higher learning need to adjust and adopt technologies and processes to deliver employees that are capable, confident, and comfortable with this shift,” he said.

“Virtual Internships’ platform and the program enable institutions, students, and employers to effectively and efficiently collaborate to produce the employees that the future of work demands.

“The Virtual Internships team and investors understand the importance of this market need and are ready to become a critical component to address it,” he added.

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