Eidson & Partners, Inc.
SparkLabKC Congratulates Briefcase on Seed Funding Investment
Briefcase raises seed funding round from NelNet, Inc.; Dundee Capital
Markets, Inc.; Saturday Capital, LLC and a Kansas City-based angel investor.
Kansas City, Mo. – January 10, 2014 – SparkLabKC congratulates Briefcase, a technology company from the 2013 SparkLabKC class, on closing a round of seed funding. This funding allows Briefcase to complete backend and application development, and to fund its market rollout to an initial 21 universities.
Briefcase provides a system that allows universities to push verified job openings to students. Using the Briefcase mobile app, students can register their job requirements, upload resumes, review job openings and submit applications with one click.
“We are pleased to have the support of multiple investors; investors with insights and understanding of the placement and talent acquisition industry,” says Christian Fisher, Briefcase CEO. “Contrary to popular opinion, we found it was not difficult to raise seed funding in Kansas City. We are particularly pleased our investors include a publicly traded company, two venture capital funds and a Kansas City angel investor.”
Kevin Fryer, SparkLabKC managing director notes, “In only nine months, Briefcase has made extraordinary progress with both product and market development. With this funding, the Briefcase team is positioned for market rollout beginning with their local partners: University of Missouri, University of Missouri-Kansas City, Rockhurst University and Park University.”
“More than 70 percent of today’s college graduates are unemployed or under-employed in the first six months after graduation. We want to help improve that average,” Briefcase COO, Caleb Phillippi, explained. “We provide a white-labeled mobile app that is customized to each university. As a result, universities can be at the center of each student’s career search.”
The Briefcase technologies aggregate and verify the universe of job openings. Relevant job openings are matched and pushed to students. Employing machine-learning algorithms, the system constantly refines job matching for each student based on individual feedback.
“SparkLabKC has been a major catalyst for our progress,” noted Fisher. “The mentoring, the introductions, the business advice and the support from SparkLabKC have made all of the difference in our progress, including the completion of this investment round.”
SparkLabKC is a technology business accelerator based in Kansas City, Mo., that selects 10 promising startups each year for an intense 90-day in-residence, mentor-driven program that provides seed capital, advisory services, workspace and introductions to potential investors.
About Briefcase: Briefcase is a white label job aggregation and management tool developed specifically for university career services departments to help their college students receive the broadest possible exposure to employment opportunities. Its responsive design and Smart Technology® allows students to easily find, review, apply, and accept jobs through both web and mobile, ensuring that relevant jobs are never far from their fingertips. And with their students taken care of, schools can use Briefcase’s valuable insights and metrics to measure job placements rates and satisfaction statistics, confirming that their efforts are well rewarded. Briefcase is a SparkLabKC graduate, recipient of Digital Sandbox capital, and has retained investment from NelNet Inc., Dundee Venture Capital Inc., Saturday Capital LLC and Kansas City-based angel investor Jon Bentz. For more information, see http://briefca.se or via Twitter and Facebook.
About SparkLabKC: SparkLabKC is an early-stage technology business accelerator based in Kansas City, Mo., created to help driven mid western entrepreneurs forge their ideas into successful companies. SparkLabKC selects 10 promising startups each year for a 90-day intense, in-residence, mentor-driven program that provides up to $18,000 in seed capital, business advisory services, free workspace and a formal demonstration day with potential investors. This is a proven accelerator program adapted to the Kansas City region. The program builds on public-private partnerships and the strengths of the region’s vast entrepreneurial community. Startups that have been through this kind of program have a superior track record of generating new companies, new jobs and achieving a significant impact in their communities.