Graduway raises $12.7m to connect university alumni
UK-based software company Graduway has raised $12.7m in a series B funding round led by Susquehanna Growth Equity, bringing the company's total investment to $15.8m. Graduway has developed a platform for university alumni around the world to connect and share work opportunities, while also offering institutions a way to keep track of graduates. According to a company statement, the funds will be used to develop the platform, expand the US office and pursue new markets.

SAAS-Y ALUMS: Graduway, a software company that offers a platform for college alumni management, has raised $12.7 million from Susquehanna Growth Equity in a Series B funding round. The company previously raised $3.1 million from existing investors Gigi Levy, Massa Innovations and SaaS Capital, according to Crunchbase, bringing the U.K.-based company’s total amount raised to $15.8 million.

Graduway’s platform enables registered alumni to network, share job or internship opportunities, and also provides a database for institutions to track and stay connected to their former students. The company claims to have more than 500 international clients, including the University of California, Los Angeles and the University of Oxford. According to a press release, the fundraise will be used to further develop the platform, expand its U.S. office as well as pursue new market locations.