Sweden’s Sqore, a startup that runs a large network of student competitions, has gotten a $3.5 million investment from Northzone, early backers of Spotify, Avito, and iZettle.
Sqore, which was founded in 2010, has built a system of online challenge-based skill testing. To date, more than 15 million students in more than 190 countries have participated in its competitions. The company tries to connect these students with professional opportunities they would otherwise have no chance at.
In a release, Sqore said it lets universities and companies create online skills challenges, and then brings in students around the world to take them.
Sqore is planning a full-scale launch this summer. It says it has already helped thousands of students find professional employment or scholarships. For example, the company explained, an Indian woman used Sqore to secure an aeronautics scholarship at a top European university. Similarly, an Indonesian woman who came up with a new way to sanitize water in her village also won a scholarship to a European university.
The company works with large clients like IBM, Shell, KPMG, Bertelsmann, Ikea, Morgan Stanley, and many others. It will use its new financing to build out product development, and plans on expanding to a broader market.