Zinch.com Raises $4MM Led by New World Ventures
Accelerated Product Development Will Better Connect Students
with Colleges, Graduate Schools & Scholarships at Zinch.com
San Francisco, CA, October 15, 2009, - Zinch (www.Zinch.com), the network connecting young people with opportunities, today announced closing $4MM in financing led by New World Ventures.
1.5+ million students have created Zinch profiles to showcase themselves and be matched to colleges, universities and graduate schools as well as to $1 billion in scholarships. 725+ institutions including Dartmouth College, Drexel University and Rice University recruit students on Zinch.
Zinch hosts a young person’s first professional profile, complete with a personal web address for inclusion in applications to schools, internships or jobs.
"Zinch empowers students in the admissions process while helping them navigate scholarships, financial aid and internships," said Anne Dwane, Zinch President. Zinch is dedicated to helping students find and interact with colleges and universities through a social media platform.
"We are at an inflexion point in higher education, and Zinch is demonstrating tremendous traction in addressing the pain points students face in admissions and paying for school," said Chris Girgenti, Managing Partner of New World Ventures and a new addition to the Zinch board of directors.
Student media habits are rapidly migrating online and toward social media, but student recruitment budgets remain skewed toward direct mail and traditional media. While college and advanced degrees have never been more in demand, adverse economic conditions have made paying for school tougher on students and families and forced educational institutions to seek efficient alternatives to traditional recruiting and retention initiatives.
Zinch will apply this round of funding to accelerate product development to better serve students, parents and educational institutions.
About Zinch (www.Zinch.com)
Zinch matches students with opportunities. Each student creates a professional profile to be discovered by colleges, graduate schools, scholarships and internships. Zinch matches its 1.5 million students to over 725 institutions and $1.9 billion in scholarships. Schools trust Zinch to help them recruit students who are a great fit. Visit the company at www.Zinch.com or follow Zinch on Twitter: www.twitter.com/zinch.
About New World Ventures
New World Ventures is an early-stage firm actively investing on behalf of Pritzker family interests in privately-held companies where innovation and experience are combined to make the most of dynamic markets. New World Ventures is focused in the education sector as well as high tech and telecommunications.
