SHAKING THE MONEY TREE: Job recruitment startup Handshake must have given a compelling interview: The San Francisco-based software company has landed a $40 million funding round led by EQT Ventures, Fortune reports. Omidyar Network, Reach Capital and the Chan Zuckerberg Initiative joined previous investors in the round.
Founded in 2014, Handshake makes software to help college students connect with future employers. Higher ed institutions use it to manage job placement. Students create profiles designed to catch the eye of employers. And companies use it to find prospective new employees.
According to Fortune, the company is not yet profitable, despite being used by 700 universities and 300,000 companies. The company plans to push its services into more companies in 2019.
To date, Handshake has raised a total of $74 million.
