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New Markets Venture Partners Joins $6M Series C for The American Academy

07/26/2012

The American Academy, which partners with school districts across the nation to recruit, enroll and educate children who cannot or will not attend school, has secured $6 million in Series C financing. In conjunction with the Series C investment, Mark Grovic, co-founder and General Partner at New Markets Venture Partners, joined the Company’s Board of Directors.

The financing was led by Fulton, Md. based New Markets Venture Partners and Anthony Meyer, a TAA co-founder. Existing investors Austin Ventures and Signal Peak Ventures (formerly vSpring Capital) also participated in the round. GSV Advisors acted as exclusive financial advisor to TAA in the transaction.

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