AdmitHub, a Boston-based conversational scholar engagement platform, has raised $16 million in Series B funding led by Rethink Education, the corporate has introduced not too long ago.
The spherical was joined by ECMC Group’s Education Impact Fund and Kresge Foundation’s affect funding fund. According to a press assertion, the funding contains investments from Salesforce Ventures and the Google Assistant Investments program which had been initially introduced in January 2020.
Founded in 2014, AdmitHub drives scholar success with the assistance of conversational AI in an easy-to-use platform. Its conversational scholar engagement platform boosts enrollment, persistence, and completion of programs at tons of of schools and universities throughout the US. The platform offers on-demand scholar help by way of SMS, net chat, and social media, solutions questions in actual time, and connects college students to the suitable advisors and assets. It blends AI chatbot know-how with business experience and research-backed conversational technique to information college students on a customized path to and thru school.
Commenting on the most recent growth, Drew Magliozzi, Co-founder and CEO of AdmitHub, stated,
“The past year has reinforced the reality that new challenges will always be around the corner for colleges and universities. Partnering in close collaboration with schools around the country, we’re building an empathy engine for higher education that will enable institutions and their students to navigate even the biggest and most unexpected obstacles.”
According to a press release from the corporate, the brand new financing will assist its work to faucet rising applied sciences that tackle probably the most essential challenges confronted by college students and establishments.
Matt Greenfield, Managing Partner at Rethink Education, commented,
“AdmitHub’s technology and approach exemplify the thoughtful application of AI to solve the most pressing challenges in education. Even amidst the turmoil of the past year, artificial intelligence has played a transformative role in institutions’ efforts to communicate quickly and effectively, in ways that improve access and retention at scale.”
AdmitHub has elevated school entry, persistence, and success for greater than 3 million college students nationwide since its founding in 2014. The firm achieved this via public-private partnerships with faculties and universities, state larger schooling system just like the Texas Higher Education Coordination Board, and non-profit organizations just like the Common App and College Advising Corps.
The new funding follows an undisclosed quantity of funding in January 2020. Earlier, it raised its Series A spherical in 2018 led by schooling affect investor University Ventures, with participation from different buyers together with Reach Capital, Relay Ventures, and Rethink.
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