500 Global backs pre-seed round of HK edtech firm

Hong Kong-based OnMyGrad, a platform that connects university students with potential employers, has raised an undisclosed amount of pre-seed funding from 500 Global.

The OnMyGrad team / Photo credit: OnMyGrad

OnMyGrad, which launched its minimum viable product in March last year, provides companies with virtual work experience programs that bring on students who are set to enter the workforce.

With the new capital, the company is building a virtual space that will allow students to collaborate and showcase their skills, which they can use as experience for job applications. It looks to extend this offering regionally, allowing students from different geographical locations to work together.

OnMyGrad said it will set up offices in Singapore and Taiwan to support local community development. To help achieve its targets, the company is aiming to close a seven-digit US dollar seed round by the third quarter of 2022.

“We are working with both sides. Graduates participate in our virtual campaigns, and companies can learn from the deliverables and metrics to experiment what can be achieved in an online space,” said Jesse Chow, co-founder of OnMyGrad.

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