AstrumU, a Seattle-based start-up has raised $7.6 million in a funding round led by Kingdom Capital, with participation from Heidrick Struggles chairman Adam Warby and DocuSign founder Court Lorenzini. KC Rise Fund and City Light Capital also invested, Geek Wire has reported.

The round brings the company’s funding to date to $13.2 million.

AstrumU provides a platform that aims to calculate the value of educational experiences in the labour market. The three-year-old company says it crunches data from colleges and employers to help students find careers based on specific skills, courses, and extracurricular activities.

Chief executive Adam Wray said: “They’re seeking an understanding of which skills are most relevant in the labour market and how those skills connect back to educational offerings, and they need that information in real time, not just through annual surveys.

“Whether it’s a tough economy or a booming economy, talent strategy is ultimately what’s going to drive our long-term recovery, and the same is true for the large employers and universities who work with us. Investing and reinvesting in education and lifelong learning is particularly important at a time when jobs are scarce and workers need assistance to retool for new careers.”

AstrumU has a 33-strong staff and stated it plans to hire more employees this year. Ignition Partners, Correlation Ventures, the University of Kansas, and ASU ScaleU previously invested in the company, which was originally incubated at the University of Kansas.

Date published: 28 July 2020

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