ConnectEDU, a Boston-based developer of Web-based college and career planning services and platforms, this morning announced that it has successfully closed a $7 million financing round led by Allen & Co and with participation of the company’s initial group of investors.
In conjunction with the funding announcement, the company has revealed that Margaret Spellings has joined ConnectEDU’s board of directors. Spellings is the former Secretary of Education under the administration of President George W. Bush.
With the freshly raised capital, ConnectEDU says it plans to establish regional service centers across the U.S. to support the roll-out of statewide initiatives and serve existing high school, college and employer partners. The company adds that it will also invest further in CoursEval, its recently acquired data-driven evaluation and assessment system, as well as SuperAPP, its online college admissions form completion system.
ConnectEDU says SuperAPP is currently available in hundreds of high schools, including several major urban districts such as Baltimore Public Schools, Detroit Public Schools and the Cleveland Metropolitan School District. ConnectEDU also recently inked deals with Miami-Dade School District, as well as the States of Massachusetts, Michigan and Texas to develop statewide college and career planning portals.
In the past year, ConnectEDU claims its Connect! community has grown to include 5 million high school and college-aged students, 2,500 high schools, 450 colleges, and nearly 50 employers.