EdTech startup Nxus is revolutionizing the way students are prepared for the job market. The Amsterdam-based company recently announced it had raised $162,000 (€150,000) in a funding round led by Rabobank Innovation Loan (RIL).
Founded in 2018, Nxus is a career and community platform that enables students to create a skills portfolio containing a summary of the information and abilities they have acquired throughout their studies. The platform converts the learning outcomes of study programmes into practical skills, which are then used to match students to internships and graduate positions.
The platform eliminates (unconscious) biases by keeping the selection process anonymous until the student is asked for an interview by the company. This ensures all students have an equal chance when entering the job market.
Founder of Nxus, Niels Baay, said: “We are very excited to have Rabobank invest in our mission to provide equal opportunities in the hiring of young professionals and to change the way we prepare today’s students for the skill-focused job market of tomorrow. This investment allows us to scale our solutions across the Dutch education sector, especially at MBO and HBO levels, where internship discrimination is a much-addressed issue demanding an explanation.”
Ruben van Brunschot, Rabobank Account Manager SME, added: “As Rabobank, we see Nxus as a perfect collaboration. Both commercially and in terms of social impact, Nxus builds a great bridge between education and the world of employment.”
Nxus has received a grant of €25,000 from the NWO (Dutch Research Council) and is a bootstrapped educational technology firm with a team of seven. With its skills-based matching technique, Nxus is making a real impact and helping teachers to ensure their students have the best opportunity to enter the job market.
