Goodwall gets $10.8M to expand its ‘LinkedIn for students’

TechCrunch | 7/12/2018 | Staff
moemajor (Posted by) Level 3
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Goodwall, a US-focused student and graduate professional network which aims to connect young people with college and employment opportunities, has closed a $10.8 million Series A funding raise.

The round was led by Randstad Innovation Fund, a strategic corporate VC fund that focuses on recruitment, and Swiss private equity firm Manixer. Additional investors include Francis Clivaz, Zurich Cantonal Bank and Verve Capital Partners.

Startup - Funding - Network - Core - Demographic

The 2014 founded startup says it will be using the new funding to grow the professional network, which has a core demographic of 14-24 year-olds, and more than one million members at this stage.

“Our main initiative with this round of funding is hiring new talent in New York to support our expansion,” says Taha Bawa, co-founder and CEO. “The funding will be used to grow our product team to provide better features for our two demographics: Highschool and college students. We are growing our sales team as well, to handle the demand that enterprises have shown in our talent.”

United - States - Focus - Focus - Students

“The United States is our current focus and will continue to be the focus throughout 2018. We will be growing with our students and serving them in college,” he adds.

“We intend to widen the appeal to the college/post-grad segment by focusing on driving value in terms of being found easily (via a mobile-first experience) by the companies that are interesting to them, whether they be startups or larger companies, for internships or first jobs. Beyond this, as with high school students, we will provide current college students the ability to connect and support each other.”

Goodwall - Business - Model - Revenue - Colleges

Goodwall’s business model is based on generating revenue from colleges and enterprises looking to recruit students on the platform. For its target young people, the pull is an online platform where they can connect with fellow students and try to get ahead by showcasing their skills and...
(Excerpt) Read more at: TechCrunch
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