$80M funding round will allow Handshake (@joinHandshake) to continue to invest in creating new platform features that will further help students develop the relationships and skills they need to build their career. A tranche of this venture financing will be invested back into an Early Talent Recovery Fund, launched exclusively in the UK.

The Fund will cover costs for 100,000 students to attend free virtual careers fairs, and Student Societies, which have been badly hit during the pandemic, will also be able to access funding. University careers centres will also be offered subsidised access to Handshake, with up to two years’ free use of the platform for thirty UK universities and covering all set-up costs. 

The Handshake platform aims to tear down structural barriers in the UK jobs market and help recruiters proactively engage with candidates based on their potential and aptitude for a role rather than their background or existing connections. This means universities and students can unlock social capital and access to employment opportunities, regardless of gender, race, socioeconomic status, or type of educational institution attended.

Existing Handshake partners in the UK will be also able to tap into a Professional Development Fund, offering free access to Continued Professional Development (CPD) opportunities and to major conferences.

The Fund is launched as the nation faces an increasingly tough jobs market – figures from the Office for Budget Responsibility (OBR) projected potential unemployment at 11% in Q1 2022, in its worst case scenario, which is likely to present particular challenges for those looking to enter the workforce.

Dimitar Stanimiroff, General Manager EMEA at Handshake said,

“We are committed to giving something back to the UK at a challenging time for students, graduates and university careers services. Our Early Talent Recovery fund, which is made possible by our latest funding round, aims not only to step up and support young people in the wake of Covid, but in the long-term, play a role in helping to break down barriers between great talent and great employers. 

“We look forward to many successful years ahead in the UK working in partnership with universities and employers. This new round of venture financing will help us reinvest in making our platform the best it can possibly be and fuel sustainable growth.”

Alastair Mitchell Partner at EQT Ventures commented:

“We’re proud to support Handshake as it continues in its mission to democratise employment opportunities for graduates. The battle for up-and-coming graduate talent is core to building a diverse and representative workforce for the future and, with Handshake, students and employers can discover each other sooner and begin to build the relationships needed for a fruitful career.”

Handshake, today (12 May) announced an $80 million round of venture financing and is set to invest a tranche of the funding in the UK, supporting early careers recovery post-Covid.

The new funding round increases Handshake’s investment total to $235.5 million and the company’s valuation to more than $1.5 billion. This new investment reflects Handshake’s unprecedented growth, unparalleled student adoption, and a rapidly expanding market opportunity to help employers and universities embrace the virtual future of graduate recruitment.

This Series E round was led by Lightspeed Venture Partners and Spark Capital with participation from all prior investors: EQT Ventures, GGV, the Chan Zuckerberg Initiative, Imaginable Futures, Reach Capital, True Ventures, and Kleiner Perkins. Handshake also welcomed first time investors Coatue Management and Valiant Peregrine Fund. 

You may also be interested in these articles:

Sponsored Video

Register, Login or Login with your Social Media account:


Advertisers

Upcoming FE Events

Advertiser Skyscrapers

Newsroom Activity

FE News: The Future of Education News Channel had a status update on Twitter 24 minutes ago

Global citizens and scientists shine hope on how to achieve a thriving net zero future: New international COP26 pro… https://t.co/jxWtUCDzqI
View Original Tweet

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In Jan 2021, FE News had over 173,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector, putting us in the top 2,000 websites in the UK.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.

Podcasts

We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.

Events

FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page