RippleMatch Inc.
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RippleMatch Inc. - overview
Established
2016
Location
New York, NY, US
Primary Industry
Software
About
RippleMatch Inc. is a U. S. -based technology company that enhances the internship and entry-level job search process for candidates through AI-driven job matching, connecting them directly with recruiters from hiring companies.
Founded in 2016 by Andrew Myers and Eric Ho, RippleMatch Inc. operates a job matching platform that simplifies the recruitment process for college students and recent graduates. Headquartered in New York, the company has completed 5 deals, with its latest funding round being a Series B of USD 45. 00 mn raised on June 8, 2022, led by Goldman Sachs Merchant Banking Division and joined by G20 Ventures, Gaingels, and Work-Bench.
The total amount raised by the company to date is USD 45. 00 mn, with a current valuation of USD 184. 79 mn. RippleMatch provides an innovative job matching platform that utilizes artificial intelligence to align candidates with suitable internship and entry-level roles based on their strengths and experiences.
This platform enhances candidate visibility to recruiters, reportedly giving users a 20x greater chance of securing interviews compared to traditional job boards. The services predominantly target college students and recent graduates across major metropolitan markets in the United States. RippleMatch's revenue is derived from partnerships with employers and potential subscription models for its services. Employers pay to connect with qualified candidates through the platform, which facilitates job listings and recruitment services.
The revenue structure is based on fees for job postings, recruiting services, and possibly premium features aimed at improving candidate engagement and visibility. Following the Series B funding round in June 2022, RippleMatch plans to utilize the USD 45. 00 mn raised to bolster its workforce and enhance its platform innovation. The company aims to expand its services into new geographic regions and markets, although specific locations have not been disclosed.
The recent funding will support these growth strategies, facilitating the development of new products designed to improve the user experience.
Current Investors
Alumni Ventures Group, AVG Total Access Fund, Bullpen Capital
Primary Industry
Software
Sub Industries
Search Engines, Web Applications, HR & Workforce Software
Website
www.ripplematch.com
Verticals
Artificial Intelligence
Company Stage
Series B
Total Amount Raised
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