Civitas Learning today announced $8.75 million in funding led by Emergence Capital Partners, a California-based venture capital firm with a rich history of investment in technology-enabled services companies. Returning investors include Austin Ventures, First Round Capital and Floodgate. New investors include Felicis Ventures and New Markets Venture Partners.
The financing will accelerate the expansion of Civitas Learning's predictive analytics platform and software application ecosystem. The Civitas Learning platform provides informed and valuable insights to students, faculty, advisors and administrators, ultimately helping higher education students learn well and graduate on time. From developing personalized major and course recommendations for students to helping faculty and advisors identify students in need of outreach and support, Civitas Learning is a pioneer in helping both students and institutions achieve their goals.
"What this company is doing is truly visionary. Civitas Learning is building technology that will dramatically improve success rates for both students and institutions," said Santiago Subotovsky, principal with Emergence Capital Partners. "It is the perfect example of using big data to ensure that everyone wins."
Six leading higher education institutions - ranging from community colleges to four-year public universities and proprietary schools - have adopted the Civitas Learning platform. These schools have committed to a collaboration that will create a true community of data, intervention and best practices to radically improve student learning. Together, we are building a richer dataset for robust personalization, creating models that provide keener insight for student success, as well as identifying which resources are most effective and for which students.