Social venture UniversityNow raises $19m from a consortium of backers led by Bertelsmann.
UniversityNow, the parent company of Patten University and New Charter University, has raised $19m in a series C round to fuel its expansion.
Mass media multinational Bertelsmann led the round along with investor First Analysis. The two were joined in participation by existing backers University Ventures, Novak Biddle Venture Partners, Kapor Capital, and Bronze Investments.
In addition to the financing, the deal will see Dalia Das, vice president of education at Bertelsmann, join UniversityNow’s board of directors.
The San Francisco-based…
