iMerit Secures $3,500,000 New Financing Round

  • Feed Type
  • Date
    10/22/2015
  • Company Name
    iMerit
  • Mailing Address
    14435C Big Basin Way Saratoga, CA 95070 USA
  • Company Description
    iMerit was founded to help underprivileged youth escape the poverty trap by providing livelihoods through the creation of digital jobs.
  • Website
    http://www.imerit.net
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This new funding will help iMerit expand our digital talent pool and grow our blue chip client base, while also helping the neediest and most promising young people. We plan to expand globally and employ 6,000 workers from marginalized communities, across 15 centers over the next five years.
  • M&A Terms
  • Venture Investor
    Michael & Susan Dell Foundation
  • Venture Investor
    Khosla Impact
  • Venture Investor
    Omidyar Network

Trending on Xconomy