InternMatch, an online ecosystem committed entirely to internships, has raised $400,000 in funding, according to tech blog Techcrunch.
The angel funding came from Dave McClure, Mitch Kapor, Kenny Van Zant, and Raj Agarwal.
InternMatch is part of the 500 Startups Accelerator program, which provides early-stage companies with funding ranging from $10K to $250K via seed investments, a startup accelerator program, and new micro-fund models like the Twilio Fund and CrowdFlower Fund.
The site works by matching both employers and students with internships. It targets students wanting to work for small or mid-size businesses.
Internship seekers and employers can search for a match, receive skill and location based matching recommendations, and access tools to manage the application process.
Employers are given a match guarantee, so if they don’t discover a match within 60 days, they get a full refund.
The site places heavy emphasis on working with non-profits. On their website, InternMatch match states, “Nonprofits can use InternMatch to bring on talent that will do more than is possible through ad-hoc volunteering. Whether in designing a new website, managing a marketing campaign, or helping organize the books, interns can make a lasting impact by leveraging their skills over a sustained time period. Similarly, small businesses can benefit tremendously from delegating responsibility to ambitious students who are eager to gain experience.”
According to Techcrunch, InternMatch plans to use the new capital to expand its team, re-brand the website and increase West Coast traction