The Riverside Company, a global private equity investor focused on the smaller end of the middle market, has invested in PeopleGrove, the leading provider of career mentorship and alumni engagement software for higher education institutions. The investment will help PeopleGrove address growing demand for continuous career support among students, recent grads and experienced alumni.
Riverside’s investment is a testament to PeopleGrove’s rapid growth and strong student and alumni adoption. More than 20 million students and alumni across 100 universities have access to PeopleGrove. Since its founding, the company has facilitated close to 1,000,000 mentorship connections.
“PeopleGrove offers the preeminent career mentorship and alumni engagement software for higher education. The team has done a fantastic job of creating a robust, feature-rich product," said Riverside Managing Partner Loren Schlachet. "We look forward to partnering with them as they enter the next chapter of growth."