AlumniFunder
AlumniFunder helps create a deeper relationship between current students and alumni, while supporting collegiate entrepreneurship.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | $130k | Seed | |
| Total Funding | 000k | ||
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AlumniFunder operated as a crowdfunding platform specifically focused on the collegiate entrepreneurship ecosystem. Founded in 2012 by S. Ryan Meyer and Brandon Goldman, the Santa Monica-based company aimed to connect student and alumni entrepreneurs with funding from their respective university communities. The platform was designed to facilitate a deeper relationship between students and alumni by providing a channel to finance a variety of projects, from those enhancing the on-campus student experience to the development of early-stage technology products.
The business model centered on providing a marketplace for ideas, enabling founders to seek capital from a network predisposed to support them. AlumniFunder's platform allowed current students and graduates to present their business ventures or projects to fellow alumni for funding. The service catered to a range of initiatives including social entrepreneurship, campus improvements, research projects, and new startups emerging from university ecosystems. In November 2012, the company secured $125,000 in a seed funding round. The company also had plans to introduce a free platform to support equity investing in startups and technology-transfer initiatives.
AlumniFunder's operations were rooted in the financial software and social platform sectors, positioning it within the FinTech space. The company provided the infrastructure for a specialized form of crowdfunding, where the primary clients were entrepreneurs from within university networks and the investors were alumni from those same institutions. Despite its initial activity and funding, AlumniFunder is now listed as an out-of-business or dead-pooled company, having ceased operations around August 2016.
Keywords: collegiate entrepreneurship, alumni investing, university crowdfunding, student startup funding, project financing, crowdfunding platform, seed funding, FinTech, social fundraising, higher education innovation, startup capital, peer-to-peer funding, educational fundraising, venture capital, angel investing, S. Ryan Meyer, Brandon Goldman, Santa Monica startup, financial software, social platform