Handshake, a San Francisco, CA-based college career network, raised $10.5m in Series A financing.
The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from True Ventures, Lightspeed Venture Partners and Lowercase Capital. In conjunction with the funding, Eric Feng, general partner at KPCB, and former CTO at Hulu and Flipboard, will join Handshake’s board of directors.
The company intends to use the funds to broaden university partnerships across the country, expanding the network and enabling new schools to implement the system, as well as to increase its engineering and product development efforts.
Led by CEO Garrett Lord, Handshake connects college students and young alumni to a comprehensive national network built on a mobile infrastructure. The network gives students access to career opportunities and insights, provides employers with access to talent, and gives colleges additional tools to drive student engagement and increase their employment chances.
Last year, the network grew from 5 to 60 universities, including Stanford, Cornell, Johns Hopkins, the University of Michigan, the University of Chicago, the University of Texas, and Wake Forest.
It now has more than 1.3 million student profiles and more than 40,000 active employers recruiting on the network.
Handshake will soon begin rolling out premium tools for employers, to allow them to target the right campuses and students, build their brands on campus, search for the best students, and integrate their college recruiting data with other HR systems.