PHILADELPHIA and LONDON, Dec. 7, 2017 /PRNewswire/ -- Graduway, the leading provider of alumni software, announced today that it has raised $12.7 million in growth funding from Susquehanna Growth Equity (SGE), representing the company's single largest investment to date. Existing investors include Gigi Levy, Massa Innovations and SaaS Capital.
"We are delighted to be working with Susquehanna Growth Equity to continue our transformation of the alumni software market," said Daniel Cohen, Founder and CEO of Graduway. "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."
''Institutions around the world struggle with the same challenge of maintaining and fostering meaningful relationships with their alumni," said Chris Marshall, President of Graduway North America and former Managing Director of Grenzebach Glier and Associates (GG+A) and former Associate Vice President for Alumni Affairs at Cornell University. "Investing in education technology is the single most effective way to nurture and deepen these relationships which leads to greater overall engagement, mentorships, enrollment and donations."
Headquartered in the U.K. with operations in the U.S. and Israel, Graduway is trusted by 500+ education institutions and non-profits, including UCLA, Johns Hopkins University and the University of Oxford, to manage their online alumni career communities. The company's SaaS platform is simple to set up, available on all devices, easy to manage, and truly engages alumni. With the anchor investment from SGE, the company plans to invest in product development, expand its U.S. office and make significant hires across every business function.
"This investment is aligned with our strategy of backing fast growing companies with talented leadership. Graduway is a unique software company and the preeminent thought leaders on alumni relations. As a result they have developed a world-class software and relationships with hundreds of customers globally," said Jonathan Klahr, Managing Director at Susquehanna Growth Equity. "Graduway are already the experts in alumni engagement and with their understanding of the challenges facing alumni offices together with our support, they will undoubtedly be able to better serve the needs of alumni offices around the world."
Graduway is a leading provider of alumni software. Founded in 2013, Graduway's software provides an easy and simple way for institutions to engage their alumni, students, and supporters through a powerful platform – enabling them to connect with each other. Graduway is also recognized as a thought leader in alumni relations through its conferences, blogs, and books. Graduway has 500+ clients and operates in more than 40 countries. Visit www.graduway.com to learn more.
About Susquehanna Growth Equity
Susquehanna Growth Equity, LLC (SGE) invests in growth stage technology companies in the software, information services, internet and financial technology sectors. SGE was founded in 2006 and is backed by a unique and patient source of capital, which enables the firm to give management teams and entrepreneurs freedom and flexibility to maximize growth. The firm has invested in over 40 companies, and has portfolio companies across the US, Canada, EU, and Israel. To learn more, please visit us at www.sgep.com.
David Whitefield, CFO, Graduway