
Handshake is an early-career talent and university recruiting network that, since 2025, also supplies expert human data for training frontier AI models. Founded in 2014 by Garrett Lord, Ben Christensen and Scott Ringwelski, it connects roughly 25 million students and knowledge workers, 1,600+ educational institutions and 1 million employers. Its Handshake AI division recruits domain experts from that network to label, evaluate and generate training data for leading AI labs, and by April 2026 was the company's dominant growth driver. Acquisitions of Cleanlab and Uplimit in 2026 added data-quality tooling and AI skills training.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
501–1,000
Total Funding
$434M
7 rounds
Latest Valuation
$3.5B
Jan 19, 2022
Acquired AI-native learning platform Uplimit to build a global AI skills-verification platform
Deepens AI-strategy investment; deal terms undisclosed
PM Insights publishes ApeVue-based secondary price/valuation tracker page for Handshake
Active secondary marketplace coverage indicates two-sided interest
Handshake annualized revenue hit ~$1.1B in April 2026, up 349% YoY from AI data labeling pivot
Massive ARR growth pressures stale valuation upward; secondary likely to mark higher
Handshake AI revenue hit ~$1.1B annualized gross (349% YoY) in April 2026, becoming dominant growth driver
Major undisclosed revenue-mix shift; core recruiting business decelerated to ~$190M (2024) while AI data-labeling…
Handshake raised $200M Series F at $3.5B valuation in December 2025, doubling as AI data labeling business scales
Fresh primary mark resets reference price for secondary trades
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $434M across 7 rounds
Last updated 08-17-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jan 19, 2022 | Series F Press release | $200M | $3.5B | Coatue Management, Valiant Peregrine Fund |
| May 12, 2021 | Series E TechCrunch | $80M | $1.5B | Lightspeed Venture Partners, Spark Capital |
| Oct 20, 2020 | Series D TechCrunch | $80M | — | GGV Capital |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series E
$1.5B
May 2021
Handshake today
$3.5B
Jan 2022 · latest mark
Handshake multiple
2.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Garrett Lord
Co-Founder and Chief Executive Officer
Ben Christensen
Co-Founder
Scott Ringwelski
Co-Founder
Jonathan Stull
President and Chief Operating Officer
Matt Greenberg
Chief Technical Officer
Jesse Hulsing
Chief Financial Officer
Dylan Lowrey
General Counsel
Vee Sahgal
Chief Product Officer
Julia Stiglitz
Chief Education and Workforce Officer
Mallory Wheaton
Chief Customer Officer
Sahil Bhaiwala
Chief Strategy and Innovation Officer, Handshake AI
Yang Zhao
Chief Business Officer, Handshake AI
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Professional networking and recruitment platform serving a broad audience including early-career professionals.
Indeed
Job search and recruiting platform with broad coverage including entry-level and early-career positions.
WayUp
Entry-level job board focused on college students and recent graduates.
Mercor
Expert marketplace supplying domain specialists to AI labs for training data, evaluations and RL environments; the closest competitor to Handshake AI.
Scale AI
AI training-data and annotation provider, majority-backed by Meta, running some of the largest human-data programs for frontier model developers.
Surge AI
Bootstrapped human-data company providing labeling, content moderation and model-evaluation workflows to frontier AI labs.
No. Handshake is a private company and does not have a public stock ticker or trade on a public stock exchange. Its shares are generally held by founders, employees, investors, and other private shareholders. Buyers and sellers may be able to transact in Handshake shares through private secondary transactions, but any transaction depends on share availability, buyer and seller agreement, transfer restrictions, company approval rights, and any applicable right of first refusal. There is no guarantee that Handshake will complete an IPO or other liquidity event.
Yes, it is sometimes possible to buy Handshake shares pre-IPO through private secondary transactions. This depends on finding a willing seller, company approval, and satisfying any transfer restrictions or rights of first refusal.
Buyers interested in buying Handshake shares on the secondary market typically do so through SetterVC and other secondary-market platforms, subject to eligibility requirements, share availability, transfer restrictions, and issuer approval. Buyers may need to satisfy sophistication, accreditation, institutional, platform, regulatory, or other eligibility requirements before participating. Once eligible, buyers may be able to view listings, make bids, and work with a licensed broker through the transaction process. Buyers should ensure they have appropriate legal and financial advisors guiding them before completing any transaction.
The company's latest round valuation was approximately $3.5B as of Jan 19, 2022. The latest round valuation is often used as one reference point in secondary-market pricing, but secondary prices may be above or below that valuation at any given time. Secondary pricing can shift significantly based on post-round conditions, such as changes in company performance, supply-demand dynamics, share class, transaction size, transfer restrictions, or broader market shifts. Any implied valuation from a past round should be confirmed with a broker or through live market listings before relying on it.
Handshake was most recently valued at approximately $3.5B as of Jan 19, 2022. This is a private valuation and may differ from secondary pricing. Secondary shares may trade above or below this mark based on various factors. SetterVC and Setter Capital does not verify the accuracy of these valuations. Buyers and sellers should always confirm current valuations before completing any transaction.
Handshake's valuation has changed over time based on funding rounds, tender offers, secondary-market indications, and other reported or collected valuation marks. Handshake's valuation moved from approximately $1.5B as of May 12, 2021 to approximately $3.5B as of Jan 19, 2022. This comparison reflects company-level valuation marks and does not represent realized investor returns. Secondary-market prices may differ from these valuations based on share class, transaction size, transfer restrictions, supply and demand, company performance, and broader market conditions. SetterVC and Setter Capital does not verify the accuracy or completeness of valuation data, and buyers and sellers should confirm current information before relying on it.
Handshake's latest disclosed funding round was a Series F round in Jan 19, 2022. The round raised approximately $200M at an approximately $3.5B valuation, with Coatue Management and Valiant Peregrine Fund listed as disclosed lead or major investors. Primary funding rounds are different from secondary transactions: in a primary round, capital goes to the company, while in a secondary transaction, investors buy existing shares from current shareholders. Funding-round data reflects publicly reported or collected information and may be incomplete. The latest round valuation should be confirmed before it is used as a pricing reference.
Handshake has raised approximately $434M in disclosed funding across 7 rounds. These figures reflect primary capital raised by the company and do not include every possible secondary transaction, undisclosed round, debt facility, or private transfer. Reported funding totals can change as new rounds are announced or older round details are corrected. Eligible users can use SetterVC to track Handshake's funding history alongside private-market activity where available.
Handshake's disclosed investors include GGV, EQT Ventures, Kleiner Perkins, Lightspeed Venture Partners, Spark Capital and True Ventures. Investor lists are based on public reporting, company announcements, and collected funding-round data, and may be incomplete. Participation in a prior funding round does not mean those investors are currently buying or selling shares. On SetterVC, eligible users can review Handshake's funding history, valuation history, and private-market activity alongside other venture-backed companies.
Handshake's most-cited competitors include LinkedIn, Indeed, WayUp, Mercor, Scale AI and Surge AI. Investors often compare these companies by sector, product focus, valuation, funding raised, growth signals, investor base, and private-market activity.
Secondary-market demand for Handshake shares can be affected by company performance, revenue growth, profitability, funding history, valuation, investor interest, sector momentum, public-market conditions, expected timing of a liquidity event, and the availability of shares for sale. Demand can also be affected by transfer restrictions, company approval rights, right of first refusal processes, limited information, and the price expectations of buyers and sellers. Strong demand does not guarantee strong pricing, liquidity, or investment returns. Weak demand does not necessarily reflect the company's long-term prospects. Demand signals should not be treated as a recommendation or prediction of investment performance. Buyers and sellers should treat demand signals as informational and conduct their own diligence before transacting.
Sellers often rely on intermediaries and platforms, such as SetterVC and other secondary-market platforms, to identify potential buyers. The exact process varies by company and transaction, but sellers often begin by confirming their ownership, desired price, transferability, and any company approval or notice requirements. If the seller agrees with a buyer on acceptable price and terms, the company may need to be notified through a share transfer notice or similar process. If a right of first refusal, company approval right, or other transfer restriction applies, the seller may need to wait until that process is completed. The parties may then execute a purchase and sale agreement, complete required transfer documentation, and close if all required conditions are satisfied. Sellers should always seek proper legal and financial advice before completing the transaction.
Yes, current and former Handshake employees, early investors, and other existing shareholders may be able to sell vested shares before an IPO through a private secondary sale. This is not automatic; it depends on whether the shareholder has transferable shares, whether there is buyer demand, and whether the company's governing documents permit the transfer. Many companies require prior notice, company approval, or a right of first refusal before shares can be sold. Sellers should also seek proper legal and financial advice before proceeding.
A Handshake secondary transaction usually involves an existing shareholder selling shares to a buyer before a public listing. The buyer and seller typically agree on price, number of shares, share class, and closing conditions. The seller may then need to notify Handshake through a share transfer notice or similar process. If Handshake or existing investors have approval rights, transfer restrictions, or a right of first refusal, those steps may need to be completed before the transfer can close. The parties typically enter into a purchase and sale agreement, complete any required transfer documentation, and close only if the necessary conditions are satisfied. Timing and certainty can vary by company and transaction.
In most private secondary transactions, parties commonly use a purchase and sale agreement that outlines price, terms, and conditions. They may also use share transfer documentation, often a stock transfer notice, share transfer notice, transfer instruction, or similar document, along with any required company approval or right of first refusal materials. Proof of ownership, such as a cap table entry, share certificate, brokerage statement, issuer confirmation, or administrator confirmation, may also be important. Buyers often request recent company financials, but private companies may limit disclosure. Since every deal varies, buyers and sellers should consult legal and financial advisors to understand which documents are needed.
Buying Handshake shares pre-IPO is risky. Shares are illiquid, no IPO or liquidity event is guaranteed, valuations can change, transfers may require company approval, and private companies may provide limited financial disclosure. Be prepared for total loss. SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, verify information, and seek independent legal and investment advice before proceeding.
Private secondary shares are typically illiquid. Unlike public stocks, there is no active public market, so selling them can be difficult and time-consuming. Sales depend on finding a willing buyer and often require company approval. Investors should be prepared to hold the shares for an extended period, with no guarantee of a future sale. Always assess your need for liquidity before investing.
SetterVC and Setter Capital do not provide due diligence, legal, tax, accounting, valuation, or investment advice. Buyers must conduct their own due diligence, including verifying ownership, transferability, legal structure, company approval, and assessing the company's prospects. SetterVC and Setter Capital do not provide advice on whether an investment is good, what price to pay, or what the best bid or ask is. SetterVC and Setter Capital may share documents in some circumstances, but it does not guarantee their accuracy or completeness. Due diligence is essential. Seek legal and investment advice as needed.
Before buying Handshake shares, a buyer should try to review the share class, price per share, implied valuation, transfer restrictions, ROFR process, company approval rights, seller ownership evidence, recent financing or tender-offer information, available financial information, information rights, resale restrictions, tax considerations, and expected liquidity paths. Not all information may be available for a private company. Buyers should confirm available diligence, process details, and information needs with their own legal, tax, and investment advisers.
SPVs carry risks. Examples include the need to confirm the company allows SPV-based transfers, verify that the SPV truly owns the shares or interests it claims to own, and ensure it has not sold more interests than it holds. Due diligence is essential. Seek legal and investment advice as needed.
Forward contracts carry risks. Examples include the seller refusing to transfer the shares at the future date, even if the seller owns them, the seller going bankrupt with creditors claiming the shares, or the seller committing the same shares to multiple parties. Due diligence is essential. Seek legal and investment advice as needed.
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