Handshake, A Job Search Platform For College Students, Valued At $1.5 Billion After New Funding Round

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Handshake, a job search platform for college students, is valued at $1.5 billion after a new funding round

Handshake’s cofounders say their goal is help students from all backgrounds receive the same access to employment opportunity regardless of gender, race, socioeconomic status or type of school attended.Garrett Lord was a sophomore at little-known Michigan Technological University when he and two classmates drove across the country in a rental Ford Focus, trying to sell schools on an idea: a LinkedIn for college students.

, a network to help millions of students from all backgrounds get hired and launch their careers, no connections or experience required. Three years later, they landed onOn Wednesday, the San Francisco-based startup announced that it had secured $80 million in Series E funding from investors including Lightspeed Venture Partners and Spark Capital, among others. With total funding of $235.5 million, CEO Lord says Handshake’s valuation is more than $1.5 billion.

Universities pay an all-in-one fee that ranges from $1,000 to more than $20,000 to use Handshake, based on the size of student enrollment. On the platform, they can manage virtual and in-person career fairs and track student outcomes and offer acceptance rates.

 

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