Synergis Education announced the successful completion of a $5 million Series A2 financing round with Mitsui & Co. (U.S.A.), Inc. (hereafter “Mitsui USA”) a wholly owned subsidiary of Mitsui & Co., Ltd., Tokyo, Japan, one of the most diversified and comprehensive trading, investment and service enterprises in the world. Mitsui USA joins the largest investor University Ventures Fund I, L.P. and affiliated entities, along with its limited partners including Bertelsmann SE & Co. KGaA, which is also a direct investor in the company.
Synergis plans to use the proceeds from the financing to add and expand programs at these partner universities, with a strong emphasis on healthcare programs, as well as to add new partner institutions.
“To bring in new investment capital and strategic thought leadership from another strong, global organization is a true testament to our overall strategy,” said Synergis CEO and co-founder Norm Allgood. “The passion that Mitsui has for education and their overall commitment to service align nicely with Synergis and our unique focus to assist traditional colleges and universities in extending their reach to the 21st century student through programs offered both online and onground. In short, the Synergis approach allows for better learning outcomes and broader access to an ever evolving student base.”
“We are very excited about our investment in Synergis, a leading provider of services to adult learners from Universities across the US,” said Amit Avnet, Director, Consumer Service Business Division of Mitsui USA. “We look forward to working closely with Norm and the rest of Synergis’s first rate management team as they expand the company’s onground, online and hybrid degree programs to additional geographies and high-demand market verticals.” Amit Avnet will join Synergis Education’s Board of Director’s as part of the investment.
Synergis Education is working with nine universities to fund, establish and grow higher education programs for non-traditional adult learners.
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