Graduway, a UK-based alumni networking software provider backed by quantitative trading and technology firm Susquehanna International Group, (SIG) yesterday revealed a $60m commitment from private equity firm K1 Investment Management.
Founded in 2013, Graduway enables more than 1,000 educational institutions and non-profit organisations to operate networking platforms for their alumni and supporters, respectively. The company’s clients include University of Oxford and University of California, Los Angeles.
K1’s cash injection has already allowed Graduway to expand its product suite to also include career services and development. Graduway is also targeting an expansion across North America.
SIG invested $12.7m in funding in 2017, providing the money through its strategic investment subsidiary, Susquehanna Growth Equity. Investment bank BTG Pactual, RSL Venture Partners and angel investor Gigi Levy had supplied $1.1m in seed capital in 2013.
Daniel Cohen, chief executive of Graduway, said: “Our partnership with K1 has provided our team with a powerful edge and set of capabilities to execute on our growth plans.
“As a result, Graduway has become the only provider for schools, universities and non-profits that is focused on the entire relationship lifecycle from prospective student, to student, to alum to donor.”
