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StraighterLine Raises $10 Million To Expand Marketing & Build Next Generation Market for College Courses
“By providing a more affordable and lower-risk pathway into college, StraighterLine drives cost savings to the payer – whether student, taxpayer or employer” says Burck Smith, CEO and founder of StraighterLine. “Given the national discussion on college cost, student debt and degree completion, StraighterLine’s business model is timely.”
Currently, the StraighterLine curriculum offers thirty-eight entry-level college courses online including College Algebra, Precalculus, Calculus I, Calculus II, Business Writing, Introduction to Biology, Introduction to Biology with lab, General Chemistry I, General Chemistry I with lab, English Comp I, English Comp II, Accounting I, Accounting II, Managerial Accounting, Macroeconomics, Microeconomics, Business Statistics, Anatomy & Physiology I & II, each with a lab option, Medical Terminology, Introduction to Psychology, Introduction to Business, Introduction to Criminal Justice, Introduction to Nutrition, Introduction to Sociology, Western Civilization I, Personal Finance, United States History I, Student Success, Pharmacology I, Pharmacology II, General Physics I, General Physics I with lab and two developmental courses, with another 9 new courses slated for launch during the first half of this year.
Course credits transfer to StraighterLine’s partner colleges and universities or through the ACE Credit service.
StraighterLine partner colleges and universities include the following institutions:
- Albany State University
- American College of Dubai
- American InterContinental University
- Ashford University
- Assumption College
- Capella University
- Charter Oak State College
- Colorado State University-Global Campus
- Concordia University Chicago
- DeVry University
- Excelsior College
- Granite State College
- Jefferson Community and Technical College
- Kaplan University
- LaSalle University
- Nazarene Bible College
- New England College of Business
- Potomac College
- Thomas Edison State College
- Thompson Rivers University
- University of the Incarnate Word
- University of Phoenix
- Western Governors University
- WGU Indiana
- WGU Texas
- WGU Washington
About FirstMark Capital
Based in New York City, FirstMark Capital is an early stage venture capital firm investing in visionary entrepreneurs who are creating new markets with innovative technology solutions or fundamentally changing existing markets by applying a fresh approach or new business model. FirstMark partners early in a company’s lifecycle, offering deep industry insight, a broad network of relationships and the operational expertise to build lasting businesses. Select historical investments include Riot Games (Acquired by Tencent Holdings); Duck Creek Technologies (Acquired by Accenture); Netgear (NASDAQ: NTGR); Boomi (Acquired by Dell); StubHub (Acquired by eBay); Netegrity (Acquired by CA); OutlookSoft (Acquired by SAP); and Navic Networks (Acquired by Microsoft). Current investments include: Pinterest, Knewton, Aereo, SecondMarket, Shopify, Lot18, and Lumosity. For more information, visit: www.firstmarkcap.com. For more thoughts on the StraighterLine investment, please visit Amish Jani’s blog: ajnyc.wordpress.com.
About CityLight Capital
Founded in 2004, City Light Capital is a venture capital firm based in New York seeking market-based solutions to major social problems. The firm invests in early stage companies in the Safety, Education, and Energy and the Environment sectors. For more information, please visit http://www.citylightcap.com.
About Chrysalis Ventures
Chrysalis Ventures manages one of Mid-America’s largest funds for early-stage and growth investments with approximately $400 million under management. Since 1993, we have invested in over 65 companies, primarily in the Healthcare and Technology sectors. With headquarters in Louisville, Kentucky, Chrysalis has offices in Cleveland, Pittsburgh, Ann Arbor and Houston. We seek to partner with entrepreneurs to build enduring businesses in industries undergoing significant transformation.
StraighterLine has been recognized as a revolutionizing force in education by major news organizations and the U.S. Chamber of Commerce for offering students online courses that earn real college credit for just $99 a month. Fast Company named StraighterLine one of the “10 Most Innovative Companies in Education.”
In order to facilitate the award of credit, StraighterLine has forged partnerships with leading accredited online colleges and universities. A student ultimately earns a degree from those institutions but realizes tremendous savings and convenience by starting with StraighterLine.
StraighterLine’s courses are evaluated and recommended by the American Council on Education’s College Credit Recommendation Service (ACE CREDIT). In addition to the institutions with which StraighterLine has a direct relationship, more than 300 other schools are reported to have accepted StraighterLine coursework for transfer credit.
Currently, StraighterLine offers 38 entry-level college courses online in the Sciences, Humanities, English, Math and Business.
For information, visit www.straighterline.com or call 202-507-7020 or 1-877-str8erline (1-877-787-8375)