Quad Learning, a platform that aims to help students to transition from community colleges to four-year institutions, raised a $10 million Series B reports Washington Business Journal. MentorTech Ventures and student loan guarantor ECMC joined existing investors SWaN & Legend Venture Partners, New Enterprise Associates and CNF Investments, among others.
This Series B brings the total funding raised by Quad Learning to $21 million. The startup previously raised a $10 million Series A in early 2013.
Founded in 2012 by former VC Phil Bronner, Quad Learning aims to provide students with new pathways for individuals to earn their bachelor’s degree.
Quad Learning’s core product American Honors is currently in place at five community colleges and helps students to transition into four-year colleges or universities with their Associate’s degree at the end of the program. Quad Learning calls this a “2+2” approach.
Bronner told the Washington Business Journal that
“When you think about what will define higher ed over the next 10 years, it’s going to be college affordability. And that’s where we’re squarely focused.”
But also the financial outcome in terms of future salaries of students who attend four-year institutions is quite significant. Quad Learning’s COO Randi Cosentino told InTheCapital in an interview that
“Students who go to good, four-year colleges earn $1.15 million more than their peers that attend non-selective colleges.”
With the new funding Bronner aims to expand the American Honors program to eight to ten community colleges by the end of this year.
- Exclusive: Quad Learning raises $10M Series B to expand community college honors programs | Washington Business Journal
- Quad Learning Raises $10M Series B Round to Expand on College Affordability Efforts | InTheCapital