McGraw-Hill Companies led a $1.6 million institutional funding round for Unigo, a resource and information platform for students and parents about the college application and financing process.
Unigo will use the investment to expand to include graduate schools and accredited universities outside the United States, and broaden its reach through alliances with major publishers.
Unigo is a network of college counselors and enrolled students that provide insights on admissions and financial aid in form of multimedia reviews. The service is free of charge and features more than 200,000 reviews of 6,500 colleges in the US.
Unigo also announced a partnership with US News & World Report which are going to use Unigo’s data in the rankings and directories.
The goal of Unigo is to make the admission process of the 25 million students and parents per year easier and to scale college counseling. It is estimated that at present day the counselor student ratio is 467 to 1 in the US and that the actual counseling time is only 38 minutes per year per student.
With the web based approach of video based counseling a basically infinite number of students are being empowered to receive all necessary information in order to choose the right college.
Unigo was founded in September 2007 by Jordan Goldman who was named one of the top 30 young entrepreneurs in America by Inc. Magazine in June.
With the acquisition of Zinch by Chegg this is the second news in the college recruiting space today.
Via: PRNewswire
