Handshake, a LinkedIn-esque social network for college students, has announced that it’s raised $80 million in new funding led by GGV Capital, with participation from EQT Ventures, Kleiner Perkins, Spark Capital, True Ventures, Lightspeed Venture Partners, and the Chan Zuckerberg Initiative. The new funding brings the total amount of equity financing that Handshake has raised since its inception to over $150 million. 

Handshake is a social platform for students where they get access to a large network as well as jobs from lots of companies. Currently, Handshake is used by 17 million students across 1,000+ colleges and universities across the US and the UK. The company works by partnering directly with educational institutions and offering its services to its students.

Handshake was founded in 2013 by three engineering students at Michigan Technological University and has since grown to serve millions of students. On its platform lies nearly half-a-million employers who seek to recruit students and new college grads.

Thanks to offering a much-needed service, Handshake has managed to grow to millions of users in only seven years. The company’s new funding round is said to value it at at least $550 million.

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