January 11, 2015
CampusTap, the private social platform for colleges, recently announced in a press release that they have fulfilled their 500K seed round of funding. The round was led by several Boston angel investors including Douglas Leighton at Dutchess Capital and Bob DeMaria, Partner at Rally Software. The funds will be used for product development and team expansion in engineering to support their upcoming mobile application.
CampusTap was founded in 2013 by Remy Carpinito with a vision to bridge the gap between on-campus activities and job placement. Discovering that career development occurs earlier in the student lifecycle, the platform tracks on-campus interactions the second they set foot on campus. “By understanding the students better, our dynamic recommendations engine can hyper target them with relevant internships and jobs enhancing career services efforts” said CEO and Founder, Remy Carpinito.
Many universities who rely on third party social networks are realizing the value in the CampusTap ecosystem as they can no longer reach a large audience organically. Carpinito states “We repeatedly hear from schools that the changing Facebook algorithm is making it difficult for university posts to be seen by students.” Therefore, CampusTap’s open architecture allows data to be passed from third party sources to streamline communication between administrators and students.
After launching a successful 500+ beta test at Suffolk University, the Higher Education startup was selected for MassChallenge and during which landed its first two clients Suffolk University and Massachusetts Institute of Technology (MIT). Now having implemented the platform, Carpinito states that CampusTap is enabling students to optimize their college experience while providing administrators insights to better serve students’ needs.
In 2015, CampusTap plans to explore more partnerships with Boston area universities increasing its student user base and to release a mobile application.
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