Ed tech startup CampusLogic raised $4.1 million from notable education technology investors and will use the money to increase sales, marketing and product development.
The investment was led by NY-based venture fund University Ventures with participation from Continental Investors, Desert Angels, and Arizona Technology Investors-among other private investors.
The ed tech startup creates SaaS solutions for universities to decrease administrative costs, lower security risk and improve student experience by changing the way schools provide financial aid and student services.
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“I think these investors valued CampusLogic’s 100 percent customer retention rate, incredible growth rate, highly experienced team and game changing student self-service platform,” Founder and CEO of CampusLogic Gregg Scoresby said. “I appreciate their support of our vision to make student financial aid simple, fast, efficient and mobile for both students and schools.”
CampusLogic is an award-winning financial aid student self-service platform. The company was also a winner of the Arizona Innovation Challenge announced earlier this week, earning $250,000.
In March, CampusLogic won the 2015 Venture Madness, taking home $30,000. The company was founded in 2011 and is headquartered in Gilbert, Arizona.
Read all our coverage of CampusLogic at AZ Tech Beat
Check out more of our funding news here.
