PeopleGrove, a San Francisco, CA-based online platform that connects students with alumni and mentors before, during, and after university, closed a $4.7m in Series A financing.
The round was led by Reach Capital, with participation from Bisk Ventures, Collaborative Fund, GSV Acceleration, Launch Capital, Riverpark Ventures, and University Ventures.
The company intends to use the funds to increase its investment in product and engineering, driving further development of its offerings across the entire student lifecycle, including Enrollment, Academic, Career, and Alumni success, and selectively expand its leadership team to support the accelerated growth of its business.
Led by CEO Adam Saven, PeopleGrove PeopleGrove provides support systems necessary for students to get the most from their educational experience and investment. With the PeopleGrove platform, universities can enable connections between students, alumni, staff, peers, mentors, instructors, and more.
The platform – launched in 2015 with the support of Stanford University as a close development partner – partners with over 180 client institutions, ranging from large public universities like Kansas State University, Clemson University, and the University of Michigan, to smaller private institutions and liberal arts colleges like Cornell University, Wellesley College, and Williams College, to online universities such as UMUC.