# Nearpeer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nearpeer

- Industry: Education/Training
- Headquarters: Lahore, Pakistan
- Website: www.nearpeer.com
- Latest round: Seed (Jun 9, 2022)
- Investors on record: 1

## About

Nearpeer is a peer-to-peer engagement platform designed specifically for colleges and universities, facilitating connections among students with shared interests to enhance their social integration during their academic journey.Founded in 2016 in Lahore, Pakistan, Nearpeer operates as a peer engagement platform aimed at improving student connections within colleges and universities. The company was established by Ammar Ayub, Shahrukh Swati, and Umair Latif, with Ammar Ayub serving as the CEO. Nearpeer has engaged in one significant funding deal, raising an undisclosed amount of Seed funding from SOSV in June 2022.Nearpeer provides a peer-to-peer engagement platform specifically tailored for colleges and universities. Utilizing advanced multi-dimensional matching algorithms, it connects students based on shared interests and backgrounds. This platform addresses the concerns of incoming students seeking social integration and aims to enhance their sense of belonging. Nearpeer serves a diverse array of higher education institutions across the United States, particularly focusing on improving enrollment and retention rates for first-generation students, transfer students, and underrepresented populations. Its services are currently implemented in significant educational markets, including California, New York, and Texas.Nearpeer generates revenue through partnerships with educational institutions that subscribe to its platform for student engagement solutions. These partnerships usually involve annual or multi-year contracts, enabling universities to incorporate Nearpeer's services into their orientation and student affairs programs. Schools pay for access to the platform to foster student connections, ultimately enhancing enrollment outcomes. The pricing plans are customized to meet the specific needs of each institution, reflecting the scope of implementation required. The primary offering remains the matching and engagement platform, recognized for positively impacting student persistence and graduation rates.Nearpeer plans to enhance its platform by developing new features aimed at improving user experience and engagement. Additionally, the company is targeting expansion into new markets, particularly focusing on higher education institutions in the Midwest and Southeast regions of the United States by the end of 2023. The recent Seed funding round from June 2022 will support these initiatives, facilitating the development of new products and the establishment of partnerships with additional universities.

## Funding rounds

- Seed, Jun 9, 2022 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed