ConnectEdu, a Boston-based developer of online software for college admissions and career planning, has brought in $4.9 million of a targeted $7 million equity offering, an SEC filing reveals. The startup raised an $8.2 million Series C funding round in 2009, with investments from Allen & Co. and other backers. The money for the newest funding round comes from 47 investors, according to the filing, which does not name the backers. ConnectEdu’s board includes former U.S. Secretary of Education Margaret Spellings.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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