Local Startup Briefcase Wins Seed Funding

Briefcase, a technology company whose mobile app lets universities funnel verified job openings to students, has closed a round of seed funding to pay for the product’s rollout to 21 universities.

Using the Briefcase app, students can register their job requirements, upload resumes, assess job openings and submit job applications.

“More than 70 percent of today’s college graduates are unemployed or underemployed in the first six months after graduation. We want to help improve that average,” Briefcase COO Caleb Phillippi said in a release.

Briefcase’s successful round of seed funding came from NelNet Inc.; Dundee Capital Markets Inc.; Saturday Capital LLC; and a Kansas City angel investor.

“We are pleased to have the support of multiple investors, investors with insights and understanding of the placement and talent acquisition industry,” Briefcase CEO Christian Fisher said. “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.”

Briefcase is a member of the 2013 class of SparkLabKC, a Kansas City-based technology business accelerator that annually selects 10 early startups to participate in its 90-day in-residence mentorship program.

“In only nine months, Briefcase has made extraordinary progress with both product and market development,” said SparkLabKC Managing Director Kevin Fryer. “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.”

Fisher added: “SparkLabKC has been a major catalyst for our progress. The mentoring, the introductions, the business advice and the support … have made all of the difference.”