Software firm Graduway, which offers alumni engagement and career services management to educational institutions and non-profits, has secured a $60m investment.
The funds come from K1 Investment Management, a private equity firm focused on enterprise software and will allow Graduway to rapidly expand its product suite from alumni relations into career services and development, mirroring the integration trend seen in the industry.
The investment will also support Graduway’s plans to grow its operations in North America and to expand its position as the largest vendor in the market.
Since partnering with K1, Graduway has conducted a ‘strategic consolidation’ with the acquisitions of CampusTap and VineUp, and has signed a strategic partnership with EverTrue which included the transfer of their Alumni Communities customers to Graduway.
“Our partnership with K1 has provided our team with a powerful edge and set of capabilities to execute on our growth plans,” said Daniel Cohen, chief executive officer of Graduway. “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.”
Founded in 2013 by Daniel Cohen and Dr. Marcel Cohen, the firm has doubled its headcount over the last twelve months to over 100 employees based across offices in the United States, United Kingdom, Israel and Canada.
Graduway serves over 1,000 customers across more than 40 different countries, including an impressive list of top universities and schools such as UCLA, University of Oxford, University of Wisconsin and the University of Arizona.