FREDERICK, Md., July 7, 2014 /PRNewswire/ — Regent Education, the leading provider of financial aid management and enrollment optimization software solutions for higher education institutions, today announced a $9 million round of funding to support and accelerate the company’s growth.
The company closed a $4 million Series C equity financing from both new and existing investors: New Markets Venture Partners joins current lead investor Chrysalis Ventures in the investment syndicate. Additionally, Ares Capital Corporation provided $5 million of debt financing. The funds will be used to allow the company to respond to the tremendous demand for its solutions.
“To prosper in the 21st century, higher education institutions need to offer innovative solutions and modify the way they deliver education,” said Robb Doub, General Partner at New Markets Venture Partners. “Increasingly, all types of institutions are turning to non-traditional enrollment models such as non-term, self-paced and competency-based education to meet students’ changing needs. Regent’s financial aid management system, Regent 8, is the only solution on the market today that can fully support these models, properly positioning these institutions for the changing landscape in higher education.”