Startup City Magazine

Handshake Grabs $20 Million in Series B Funding

Bengaluru: Handshake, a fast-growing company servicing higher education career centres to locate profile fit jobs, grabs $20 million funding in its Series B funding. This funding round was led by Spark Capital, along with contributions from Kleiner Perkins Caufield & Byers, Lowercase Capital, Lightspeed Venture Partners and True Ventures. From its founding, the company has raised over $34 million in funding, which include $3.5 million seed funding in 2015 and $10.5 million during its Series A funding in early 2016.

“The Series B funds will help us put those referrals to work. Over the next two years, we will build out new tools for career centers and employers, and accelerate our vision for helping students. We want to arm students with the data, content and communities they need to build a meaningful career, particularly through better mobile products and innovative ways to use data to help make career decisions,” says Garrett Lord, Co-founder & CEO, Handshake.

Founded in 2014 by Scott Ringwelski , Ben Christensen and Garrett, Handshake helps students find a meaningful career, no matter what school they attend. Today, Handshake is a fast-growing team of 40 based in San Francisco. The company has partnered with over 170 universities and schools, and has created a powerful network which makes easy for 100,000 companies in recruitment process, which leads to massive opportunities for more than 3,000,000 students. 

Megan Quinn, General Partners, Spark Capital, says, “Handshake is the solution. The company is the leading recruiting marketplace for college students. In just two years, the company has scaled to be the recruiting marketplace of choice for 170 schools in the United States.  As of today there are over three million student profiles on Handshake. We’re delighted to welcome Handshake to the Spark Capital family”.

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