Quad Learning, a US-based company that aims to bridge the divide between community colleges and four-year institutions, has closed its series B round, which included Comcast Ventures, the corporate venturing unit of media and communications company Comcast, and student loan guarantor ECMC.
ECMC and MentorTech Ventures participated as new investors, while Comcast joined other existing investors, including venture capital firms Swan & Legend Venture Partners, New Enterprise Associates and CNF Investments, in the round.
Launched in 2012, the series B round brings Quad’s funding total to $21m, the company having previously raised $11m in its series A round in February 2013.
Quad Learning’s goal is to give students more affordable access to an undergraduate education. Its core programme, American Honors, partners with community colleges to build two-year honours curricula, after which students transfer to a four-year college or university. The company now plans to expand its network from five to between eight and 10 institutions by the end of 2014, as well as grow its student population.