GroupSpaces generates revenue via a combination of premium accounts, targeted advertising and transaction commission from payments made through the site.

The company also generates revenue by allowing graduate recruiters to advertise their campus activities and promote their opportunities to a highly employable community of students throughout the whole academic year.

[4] Since 2007, GroupSpaces has worked with over 70 graduate recruiters including Allen & Overy, Clifford Chance, Slaughter & May, Freshfields, BCG, McKinsey & Company, Accenture, Deloitte, PwC, KPMG, Citi, JP Morgan, Barclays Capital, Morgan Stanley, Bank of England, Deutsche Bank, Credit Suisse, RBS, UBS, Lloyd's of London and the NHS.

[2] In June 2010 it secured a $1.3 million (£860,000) investment round from Index Ventures and a leading angel investor consortium including Dave McClure, Chris Sacca, Simon Levene, Meagan Marks, Ariel Poler and Quincy Smith of CODE Advisors.

In the first few months of operation in the United States, top schools such as Harvard, Yale, Princeton, MIT and Stanford signed on with GroupSpaces.