Student financial aid self-service platform CampusLogic brings in $7.5m for its series A.
Student finance startup CampusLogic has raised $7.5m in its series A.
The round was led by Continental Investors, and backed by University Ventures, an investment unit backed by education publisher Bertelsmann and the University of Texas Investment Management Company, the investment arm of the eponymous university system. Student loan company Great Lakes Higher Education Corporation and venture firms Select Venture Partners and Peak Venture Capital also participated.
CampusLogic’s platform is offering students a self-service for financial aid with reducing the processing time for colleges and universities and increasing enrolment.
Gregg Scoresby, founder and CEO of CampusLogic, said: “In 2014, CampusLogic launched the first and only student self-service platform that allowed schools to move all of their financial aid processes into the cloud. Since our launch last year, we have added over 300,000 active students at nearly 40 colleges and universities across the country. With the additional support and connectivity from our investors, we expect to have over 100 colleges on board in the coming year and over 200 by 2017.”
