Susquehanna Growth Equity, a subsidiary of technology and trading firm Susquehanna International Group, has invested $12.7m in Graduway, a UK-based alumni networking software provider.
Founded in 2013, Graduway provides more than 500 education and non-profit organisations across more than 40 countries with networking platforms for alumni and supporters. Organisations can set up a basic platform and add features as they go.
The software is compatible with social networking platforms such as LinkedIn and Facebook to make it easier for users to import profile data and keep it up to date.
Graduway launched with $1.1m in seed funding from investment bank BTG Pactual, RSL Venture Partners and individual investor Gigi Levy in 2013, before SaaS Capital provided a $2m line of credit in June of this year. The company also lists investment firm Massa Innovations as a sharegolder.
Daniel Cohen, founder and CEO of Graduway, said: “We are delighted to be working with Susquehanna Growth Equity to continue our transformation of the alumni software market.
“This new growth funding will enable Graduway to accelerate our clear strategy of developing cutting-edge alumni software and deepening our relationships with customers, increasing our market share and reaching new markets and geographies.”