Collegefeed, an online personal career assistant service, recently raised $1.8 million in Seed funding from Accel Partners, S-Cubed Capital and other key angel investors. As per the founders, the amount raised will be utilized in developing new features and functionality in the coming months.
“We will use the money to expand our team to build out the product, backend service and expand our employer network. We’ll be announcing some of those new tools for students and employers in September and October as well as expand internationally”, said Sanjeev Agrawal, CEO of Collegefeed.
Launched in private beta at the start of this year and nationwide 3 months back, this California based startup is an initiative of six ex-Google / Microsoft / McKinsey alumni, led by tech duo Sanjeev Agrawal and Aman Khanna. The startup aims at helping the college students and new graduates find their ‘dream Jobs’, at the same time reducing the recruitment cost for the employers.
Wherein employers can use Collegefeed to brand themselves more effectively to students and find the perfect candidate for entry-level positions, new graduates on the other hand can create short profiles to quickly showcase their skills and qualifications in a way that makes them stand out to employers.
The platform provides a lot of facilities and features to the first time job seekers such as -finding jobs and internships, networking with leading employers and alums, sharing interview secrets, and winning financial awards from sponsoring companies. Users also get a custom news feed that displays updates on preferred employers and a recommendation tool cCORE to help discover new companies.
At present, students and employers can create a profile for free at the website and can sign up even using their facebook account. However, the platform charges employers a base platform access fee, branding fee and agency service fee for hires made through Collegefeed.
Till date, Collegefeed has registered students from more than 1200 universities including some of the established ones such as Stanford, UC Berkeley and Santa Clara University. With the help of Collegefeed platform, students have already made connections, secured interviews, jobs, internships and financial awards with over 100+ companies like Google, Cisco, YouTube, eBay, Morgan Stanley, Microsoft, Saavn, Adroll and many more.
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