Portfolium, the US-based student portfolio publishing platform backed by student loans guarantor USA Loans, has been acquired by education software-as-a-service provider Instructure for an undisclosed sum.
Founded in 2014, Portfolium runs an online social networking platform that enables students and recent graduates from more than 3,600 academic institutions to build a record of their achievements and connect to potential employers or placement opportunities.
Users can showcase their development to contacts by uploading documents, images and other media files onto their profiles.
Portfolium is already a partner of Instructure’s in-house personal development portal for schools and higher education institutions, Canvas, and their integration is expected to deepen following the acquisition.
USA Loans had featured in Portfolium’s $6.6m round led by SJF Ventures in 2016 with participation from University Ventures, which supplied Portfolium with $1.2m the year before alongside Seed San Diego and Vertical Venture Partners.
Portfolium had reportedly attracted $900,000 of capital in a 2014 round backed by syndicate Tech Coast Angels and Taner Halicioglu, manager of Keshif Ventures, as well as undisclosed additional investors.
The company last received $370,000 of equity from undisclosed investors in 2017, according to a filing.
Adam Markowitz, founder and CEO of Portfolium, said: “We created Portfolium to connect learning with opportunity by enabling students to recognise, showcase, and articulate the skills and competencies they acquire along their academic journeys.
“We have been a proud Instructure partner for years, and are excited to expand on our vision to support lifelong learning and development as part of the Instructure family.”