Altius Education Obtains $18,600,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=84e06a80-18ba-4823-9048-539aa4c088f2&Preview=1
Date
11/18/2010
Company Name
Altius Education
Mailing Address
2 Embarcadero Center San Francisco, CA 94111
Company Description
Altius Education, Inc. partners with academic institutions to help them unlock the potential of their existing curricula. By establishing separate legal entities and providing them with the key financial and strategic resources, we are able to transform academic institutions’ existing curricula into fully-formed online college programs. Our strategy is to identify gaps in the postsecondary education market and leverage our partnerships, capital, online learning capacity and marketing experience to create focused college programs to serve market needs.
Website
http://www.altiused.com
Transaction Type
Venture Equity
Transaction Amount
$18,600,000
Transaction Round
Series B
Proceeds Purposes
Altius will use the new capital to continue the growth of its programs and expand the number of partnerships in its network.
M&A Terms
Venture Investor
Charles River Ventures
Venture Investor
Spark Capital
Venture Investor
Maveron