Homi began last summer in response to Xiao’s own challenges around breaking into the insurance industry post graduation.
Their resulting platform facilitates stronger relationships between students and alumni from a given college, acting as a matching service for the like-minded who share that institutional commonality.
After launching first on Carleton Campus last summer, Xiao says Homi has since expanded to serve St. Olaf, Macalester, University of Minnesota – Carlson School of Management, and Cal State Fullerton.
The venture has also found its first path to revenues with a focus offering HR departments with an improved hiring channel. Corporate recruiters can post jobs for free and Homi charges them a flat fee per applicant.
With the new capital in hand, Xiao and his team of four seek to scale across Minnesota in preparation for a broader expansion and larger round of investment.