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Koofers Receives $5 Milllion Investment

Posted by Handshake 2.0 at 6:15 AM on October 22, 2010:

We were delighted to receive this exciting news from Michael Rihani, Chief Strategy Officer at Koofers, a former member company colleague at VT KnowledgeWorks, and an early supporter of Handshake 2.0.

Dear Handshake 2.0,

What started out as a simple "level the playing field" idea out of my Virginia Tech dorm room (specifically, 313 Vawter Hall), Koofers - a Blacksburg-created term and tradition - has seen incredible nationwide growth (300,000+ students use the service).

A few days ago we closed a $5 million investment round.

Steve Case tweeted to his 362,000+ followers about us.

We will be announcing some exciting news next week in Blacksburg, Virginia.

Regards,
Michael

P.S. - All 3 co-founders attended Virginia Tech: Glynn LoPresti (ISE '95), Patrick Gartlan (CS '07), and Michael Rihani (BIT '08).

Michael Rihani with the Virginia Tech Hokie Bird

Congratulations, Michael!

You can read more about the Koofers $5 million investment story on TechCrunch and TechJournal South.

You're invited to read more about Koofers on Handshake 2.0

VT KnowledgeWorks is a client of Handshake Media, Incorporated, parent company of Handshake 2.0.

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Great story...I say it all the time, but I am so glad to have worked there and to still be a small part of the Koofers team to this day! And I'm a roommate of their Marketing Director, Lee Bradshaw!

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