CampusLogic, a student financial aid platform, raised a $7.5 million Series A led by Continental Investors with participation from Great Lakes Higher Education Corporation.
Founded in 2011, CampusLogic today has over 300,000 active students at 40 higher education institutions in the United States.
Aceable, an Austin-based edtech startup that offers app based courses in drivers education, raised a $4.7M Seed Round led by Silverton Partners with participation from Floodgate Ventures, NextGen Angels and Capital Factory.
Founded in 2012, Aceable has around 100,000 users and is available in Texas and Florida.
General Assembly, an educational institution that offers courses in technology, business and design at fourteen campuses across four continents and online, raised a $70 million Series D from Advance Publications and Wellington Capital Management LLP with participation from existing investors including IVP, Learn Capital, Maveron, Rethink Education and WTI.
Founded in 2011 in New York, General Assembly has raised nearly $120 million in venture capital and is closing in on 25.000 alumni worldwide by the end of 2015.
Full announcement available on the GA blog.
SoFi (Social Finance), a student loan refinance provider, announced a $1 billion Series E led by SoftBank with participation from existing investors Third Point Ventures and affiliates of Third Point LLC, Wellington Management Company LLP, Institutional Venture Partners (IVP), RenRen, Baseline Ventures, DCM Ventures and others.
Founded in 2011, SoFi now has raised over $1.42 billion to date and will most likely delay a planned IPO. The company has recently expanded into other verticals including mortgage refinancing and personal loans. To date SoFi has issued over $4 billion in loans.
Yesterday student loan marketplace Credible announced a $10 million Series A and in early September CommonBond raised a $35 million Series B.
Credible, a student loan marketplace, raised a $10 million Series A led by Soul Htite with participation from Ron Suber and Scott Langmack.
Founded in 2012, Credible previously raised $2.7 million in seed funding. The startup offers personalized refinancing offers from numerous lenders.
Earlier this months student loan marketplace CommonBond raised a $35 million Series B.