US-based student job portal WayUp has raised $18.5m in series B funding. The start-up, based in NYC, connects students and recent grads with companies looking to hire them.
The funding round was led by Trinity Ventures, with participation from existing investors General Catalyst, BoxGroup, Lerer-Hippeau Ventures, Index Ventures, SV Angel, Female Founders Fund, Axel Springer, CAA Ventures, and OurCrowd. In conjunction with the investment, Trinity General Partner Karan Mehandru joined the WayUp board of directors.
The recent contributions bring WayUp’s funding total to $27.5m. The portal plans to use the funds to accelerate ongoing efforts to expand its platform and services to recent graduates, continue investment in the development of advanced machine learning and personalization technologies.
WayUp currently has more than 3.5 million profiles of students and recent grads who represent 5,300 campuses in the U.S., as well as over 300,000 companies.
