# PeopleGrove

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: http://www.peoplegrove.com
- Total disclosed funding: $6.6M
- Latest round: Series A (Sep 28, 2018)
- Investors on record: 9

## About

PeopleGrove Inc. is a technology company that develops a Career Access Platform™ to connect students, alumni, and industry professionals, enhancing career development and engagement within higher education institutions.Founded in 2015, PeopleGrove Inc. operates out of San Francisco, US, and focuses on facilitating connections in higher education. The company has completed a total of 7 deals, with its latest funding round being a Series A that raised USD 1.660 mn, bringing the total amount raised to USD 1.660 mn and resulting in a current company valuation of USD 29.836 mn. The company was co-founded by Adam Saven and Reilly Davis, with Adam Saven currently serving as CEO.PeopleGrove offers a comprehensive Career Access Platform™ designed to facilitate connections among students, alumni, and industry partners, enhancing career readiness and engagement within higher education institutions. The platform integrates advanced artificial intelligence to tailor mentorship opportunities, experiential learning programs, and career guidance resources, promoting successful career navigation from enrollment through graduation and beyond. Key offerings include solutions for admissions and enrollment, mentorship programs, experiential learning initiatives, and alumni advancement, aimed at increasing student retention and enhancing alumni engagement. PeopleGrove serves over 650 educational institutions, primarily in North America, including universities such as the University of Kansas, Michigan State University, and the University of Miami.PeopleGrove generates revenue primarily through subscription-based partnerships with educational institutions that utilize its platform to improve student and alumni interactions. Institutions typically engage with PeopleGrove under multi-year contracts, which grant them access to the full suite of services, including tailored mentorship and career services. This model positions PeopleGrove as a business-to-business (B2B) provider, creating value for universities seeking to enhance their career services and alumni engagement initiatives.PeopleGrove Inc. plans to leverage its recent Series A funding to enhance its platform and expand into new markets. The company aims to develop new features within its Career Access Platform™, focusing on improved user experience and additional AI-driven services. Upcoming product launches are expected to target mid-2024. PeopleGrove is also exploring opportunities to extend its services internationally, particularly in Europe and Asia, with a goal of establishing partnerships by late 2024. Recently, Reach Capital, Collaborative Fund, RiverPark Ventures, Floodgate, and University Ventures exited their stakes in the company.

## Funding rounds

- Series A, Sep 28, 2018, $4.7M — LaunchCapital, University Ventures, Collaborative Fund, RiverPark Advisors, Reach Capital, GSV Ventures, Bisk Ventures
- Seed, Jul 14, 2017, $1.8M — LaunchCapital, Floodgate, University Ventures, Collaborative Fund, RiverPark Advisors, Reach Capital, GSV Ventures, Bisk Ventures
- Seed, Jul 1, 2016, $0.2M — DreamIt Ventures, Reach Capital

## Investors

- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- Reach Capital — Seed, Series A
- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Seed, Series A
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- University Ventures (https://capitalatlas.ai/funds/university-ventures) — Seed, Series A
- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed, Series A
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Seed, Series A
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Seed, Series A
- Bisk Ventures (https://capitalatlas.ai/funds/bisk-ventures) — Seed, Series A